久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

News >World

BP replaces CEO Hayward, reports $17 billion loss

2010-07-27 21:47

LONDON - BP's much-criticized CEO Tony Hayward will be replaced by American Robert Dudley on October 1, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill.

BP said the decision to replace Hayward, 53, with the company's first ever non-British chief executive was made by mutual agreement.

BP replaces CEO Hayward, reports $17 billion loss
BP Chief Executive Tony Hayward (L), Chairman Carl-Henric Svanberg (C) and Managing Director Bob Dudley pose for the media outside BP's headquarters in London July 27, 2010. [Agencies]

In a mark of faith in its outgoing leader, BP said it planned to recommend him for a non-executive board position at its Russian joint venture and will pay him 1.045 million pounds ($1.6 million), a year's salary, instead of the year's notice he was entitled to.

"The BP board is deeply saddened to lose a CEO whose success over some three years in driving the performance of the company was so widely and deservedly admired," BP Chairman Carl-Henric Svanberg said in a statement.

Svanberg said the April 20 explosion of the Macondo well on the Deepwater Horizon platform run by BP in the Gulf of Mexico has been a "watershed incident" for the company.

"BP remains a strong business with fine assets, excellent people and a vital role to play in meeting the world's energy needs," he said. "But it will be a different company going forward, requiring fresh leadership supported by robust governance and a very engaged board."

Besides permanently plugging the oil leak and cleaning up the spill and the company's image, Dudley will oversee the sale of $30 billion in assets over the next 18 months to bolster the company's finances.

Appearing briefly outside BP's London headquarters with Hayward and Svanberg, Dudley said that sealing the well was his priority and that he planned to focus on building relationships on the Gulf Coast and in Washington D.C.

"There's no question that we are going to learn a lot from this ... and I'm sure there will be changes," Dudley told reporters, as Hayward and Svanberg looked on without speaking.

Hayward, who has a Ph.D in geology, had been a well-regarded chief executive. But his promise when he took the job in 2007 to focus "like a laser" on safety came back to haunt him after the explosion on the Deepwater Horizon rig killed 11 workers and unleashed a deep-sea gusher of oil.

He became the lightning rod for anti-BP feeling in the United States and didn't help matters with a series of gaffes, raising hackles by saying "I want my life back," going sailing, and giving what was viewed as an evasive performance before U.S. members of Congress in June.

In a statement on Tuesday, Hayward said it was right that BP embark on its next phase under new leadership.

"The Gulf of Mexico explosion was a terrible tragedy for which - as the man in charge of BP when it happened - I will always feel a deep responsibility, regardless of where blame is ultimately found to lie," he said.

On top of the payout, Hayward retains his rights to shares under a long-term performance program which could eventually be worth several million pounds if BP's share price recovers. The stock has lost around 35 percent, or $60 billion, in market value to around $116 billion since the well explosion. The stock started out marginally higher on Tuesday, but was trading almost 1 percent lower at 413.35 pence in afternoon trade on the London Stock Exchange.

Hayward, who will remain on the board until November 30, will also be entitled to draw an annual pension of 600,000 pounds from a pension pot valued at around 11 million pounds.

Svanberg described Dudley, 54, who was thrown out of Russia after a battle with shareholders in the company's TNK-BP joint venture, as a "robust operator in the toughest circumstances."

Currently BP's managing director, Dudley grew up partly in Hattiesburg, Mississippi, and has so far avoided any public missteps. He spent 20 years at Amoco Corp., which merged with BP in 1998, and lost out to Hayward on the CEO slot three years ago.

Dudley will be based in London when he takes up his appointment and will hand over his present duties in the United States to Lamar McKay, the chairman and president of BP America.

BP said the $32.2 billion charge for the cost of the spill led it to record a loss of $17 billion for the second quarter, compared with a profit of $4.39 billion a year earlier.

It is the loss in 18 years. The charge includes the $20 billion compensation fund the company set up following pressure from President Barack Obama as well as costs to date of $2.9 billion.

But the company also stressed its strong underlying financial position - revenue for the quarter was up 34 percent at $75.8 billion - and Hayward said it had reached a "significant milestone" with the capping of the leaking well.

Crews were restarting work to plug the leaky Gulf well after the remnants of Tropical Storm Bonnie blew through, forcing a short evacuation. The US government's oil spill chief, Retired Coast Guard Adm. Thad Allen, said Monday that the so-called static kill - in which mud and cement are blasted in from the top of the well - should start August 2.

If all goes well, the final stage - in which mud and cement are blasted in from deep underground - should begin August 7.

BP said the bottom kill could take days or weeks, depending on how well the static kill works, meaning it will be mid-August before the well is plugged for good.

Hayward said the company expects to pay the "substantial majority" of the remaining direct spill response costs by the end of the year.

"Other costs are likely to be spread over a number of years, including any fines and penalties, longer-term remediation, compensation and litigation costs," Hayward said.

BP said the sale of $30 billion in assets will come primarily from its $250 billion Exploration and Production portfolio and assets will be selected "on the basis that they are worth more to other companies than to BP." The company has already made a start with the $7 billion sale of gas assets in the United States, Canada and Egypt to Apache Corp.

In London, Greenpeace protestors closed more than 50 service stations in a protest timed to coincide with the company's earnings update. The environmental action group is calling on Dudley to focus the company on greener and renewable sources of energy.

Richard Hunter, head of UK Equities at Hargreaves Lansdown Stockbrokers, said that significant challenges remain for the company but it is "moving aggressively to position itself for the tough times ahead."

"The triple pronged approach of increased provisions, asset sales and a new CEO should be a potent mix in forming a strong future foundation," Hunter said. "Behind the obvious headlines, the underlying trading performance was robust with a significant improvement having been made on a like for like basis."

The company reported that underlying replacement cost profit - the measure most closely watched by analysts - was $5 billion for the three months between April and June when adjusted for one-off items and accounting effects. That compared favorably with a $2.9 billion profit for the second quarter of 2009.

"Outside the Gulf it is very encouraging that BP's global business has delivered another strong underlying performance, which means that the company is in robust shape to meet its responsibilities in dealing with the human tragedy and oil spill in the Gulf of Mexico," Hayward said.

Higher prices for oil and gas made up for slightly lower output and a loss in gas marketing and trading in Exploration & Production, while Refining & Marketing reported increased profits as a result of strong performance in the fuels value chains and the lubricants and petrochemicals businesses.

The company said it planned to reduce net debt to a range between $10 billion and $15 billion within the next 18 months, compared to net debt of $23 billion at the end of June, to ensure that it had the flexibility to meet its future financial obligations.

Capital spending for 2010 and 2011 will be about $18 billion a year, in line with previous forecasts.

Related News:

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    色老头久久综合| 欧美人伦禁忌dvd放荡欲情| 中文字幕巨乱亚洲| 91浏览器打开| 亚洲国产精品久久人人爱| 欧美精品久久99| 久久草av在线| 亚洲国产精品黑人久久久| 91无套直看片红桃| 午夜精品一区二区三区电影天堂| 日韩限制级电影在线观看| 精品一区二区三区视频| 欧美激情综合在线| 91成人看片片| 麻豆一区二区在线| 国产精品天天摸av网| 91成人在线精品| 久久国产精品色婷婷| 欧美激情一区二区三区| 色婷婷久久综合| 秋霞午夜av一区二区三区| 国产日韩欧美高清| 色天使色偷偷av一区二区| 免费av网站大全久久| 欧美国产一区二区在线观看 | 欧美一区二区三区免费视频| 国产一区二区精品久久99| 亚洲人午夜精品天堂一二香蕉| 51精品久久久久久久蜜臀| 高清不卡在线观看| 视频一区二区三区在线| 中文文精品字幕一区二区| 91成人在线精品| 国产乱码字幕精品高清av| 一区二区在线看| 26uuu亚洲综合色| 欧美午夜寂寞影院| 高清av一区二区| 日韩不卡免费视频| 国产精品国产精品国产专区不蜜| 7777精品伊人久久久大香线蕉最新版| 国产激情一区二区三区四区| 亚洲成a人片在线不卡一二三区 | 日韩电影在线一区二区三区| 中文字幕一区视频| 日韩一区二区三区精品视频| 99国产精品99久久久久久| 寂寞少妇一区二区三区| 亚洲一线二线三线视频| 日本一区二区三区免费乱视频 | 久久综合精品国产一区二区三区 | 亚洲综合视频在线| 国产午夜亚洲精品不卡| 91精品国产综合久久久久久久久久 | a亚洲天堂av| 久久精品国产精品亚洲精品| 一区二区三区欧美在线观看| 欧美国产一区二区| 欧美精品一区二区三区很污很色的| 欧美三级日韩三级| 成年人午夜久久久| 国产激情一区二区三区四区| 蜜臀av在线播放一区二区三区| 亚洲精品成人天堂一二三| 欧美极品另类videosde| 欧美sm美女调教| 6080国产精品一区二区| 在线欧美一区二区| 99久久99久久久精品齐齐 | 国产99久久久久久免费看农村| 日韩电影免费在线看| 亚洲专区一二三| 国产精品乱码人人做人人爱| 精品久久久久久综合日本欧美| 欧美日韩视频在线一区二区| 色综合久久中文字幕综合网| 成人黄色777网| 国产一区福利在线| 久久不见久久见中文字幕免费| 丝袜亚洲另类丝袜在线| 亚洲一区二区三区自拍| 一区二区三区**美女毛片| 成人免费一区二区三区在线观看 | 石原莉奈在线亚洲三区| 亚洲一卡二卡三卡四卡| 一区在线中文字幕| 亚洲素人一区二区| 成人欧美一区二区三区白人| 国产精品久久午夜夜伦鲁鲁| 欧美精彩视频一区二区三区| 国产日韩精品一区二区三区| 久久久久久久综合色一本| 26uuu久久天堂性欧美| 26uuu久久综合| 久久久91精品国产一区二区精品| 精品久久免费看| 久久亚洲一区二区三区四区| 久久香蕉国产线看观看99| 久久伊99综合婷婷久久伊| 久久先锋影音av鲁色资源网| 欧美精品一区二区三区在线 | 久久久久久久电影| 国产日韩高清在线| 欧美国产丝袜视频| 国产精品国产精品国产专区不片| 国产精品久久久久永久免费观看| 中文字幕欧美一区| 一区二区在线观看免费| 亚洲国产视频直播| 日韩精品乱码av一区二区| 日产国产欧美视频一区精品 | 日本高清成人免费播放| 欧美伊人久久久久久午夜久久久久| 91福利区一区二区三区| 欧美日本一区二区三区四区| 欧美一区二区三区视频在线| 日韩午夜在线观看视频| 26uuu亚洲| 中文在线资源观看网站视频免费不卡| 国产精品视频第一区| 成人免费在线视频| 亚洲国产日韩一区二区| 美女在线一区二区| 国产98色在线|日韩| 91网站最新地址| 欧美日韩黄色一区二区| 日韩亚洲电影在线| 国产午夜精品久久久久久免费视| 国产精品毛片大码女人| 亚洲一区视频在线观看视频| 天天色天天操综合| 韩国成人在线视频| www.成人在线| 欧美日韩精品专区| 精品国产露脸精彩对白| 国产精品久久久久三级| 亚洲综合激情网| 美女在线一区二区| 丁香婷婷综合激情五月色| 91久久一区二区| 日韩精品一区二区三区中文不卡| 国产三级三级三级精品8ⅰ区| 亚洲色欲色欲www在线观看| 五月天精品一区二区三区| 国产在线日韩欧美| 91污在线观看| 日韩欧美精品三级| 国产精品国产三级国产普通话三级| 亚洲福利视频一区| 国产一区二区日韩精品| 色天天综合久久久久综合片| 日韩欧美国产一区二区三区| 中文字幕欧美一| 免费人成网站在线观看欧美高清| 成人爽a毛片一区二区免费| 欧美日韩视频在线一区二区| 国产欧美一区二区精品性色| 亚洲二区在线视频| 99国产麻豆精品| 欧美一卡二卡在线观看| 国产精品美女一区二区三区| 午夜精品视频一区| 国产成人av资源| 欧美日韩亚洲丝袜制服| 国产欧美一区二区精品忘忧草| 亚洲男同1069视频| 日本不卡一区二区三区| 白白色 亚洲乱淫| 欧美一区二区国产| 亚洲同性同志一二三专区| 久久不见久久见免费视频1| 日本高清无吗v一区| 国产日韩精品视频一区| 琪琪久久久久日韩精品| 91在线国产福利| 2021国产精品久久精品| 亚洲1区2区3区4区| 99久久国产综合精品色伊| 精品久久久久久最新网址| 亚洲成人av资源| 成人动漫在线一区| 欧美sm极限捆绑bd| 五月婷婷综合在线| av亚洲精华国产精华精华| 精品国产一区二区国模嫣然| 亚洲午夜久久久久中文字幕久| 国产高清亚洲一区| 日韩欧美成人一区| 亚洲国产精品久久不卡毛片| 成人18视频在线播放| 久久综合色之久久综合| 日本最新不卡在线| 欧美伊人久久久久久久久影院| 中文字幕五月欧美| 国产精品99久久久久久久vr| 欧美一区二区三区小说| 亚洲国产成人av好男人在线观看| heyzo一本久久综合| 久久久.com| 国产在线精品一区二区夜色|