bob dudley

Midday Market Minute: BP, Gulf Coast Oil Spillers Face Day in Court

Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court. The trial is set to start Monday in New Orleans before a federal judge, but a settlement is possible.

BP Sells Some Gulf of Mexico Assets for $5.55 Billion

Oil company BP said Monday it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in the BP's drive to cover the cost of its oil well blowout in the Gulf two years ago and concentrate investment elsewhere.

As Crisis Fades, Investors Flock to BP

In the past month, BP shares are up 16%, outpacing both the Dow and other oil giants. Now that the worst of the oil spill is over, BP has appeal for investors as a cash-flow and profit machine with decent future prospects.

Call for $5 Billion 'Down Payment' From BP

A coalition of three major environmental groups is requesting that BP immediately set aside this money in addition to the $20 billion it has already committed because that federal escrow fund is meant to pay for only economic damages.

How Long Will Dudley's Honeymoon Last?

BP's new CEO Bob Dudley has received a warm welcome in the U.S. press, in large part because he's an American born and raised near the Gulf. While Dudley's local roots may help soothe some nerves in the disaster-stricken region, it's only a matter of time before the harsh realities of the worst oil spill in American history come to the fore.

Is Bob Dudley the Guy to Remake BP's Culture?

BP's board appears to be saying yes. They're betting the American who has become the face of BP's Gulf Oil spill cleanup has the right stuff to not only end that nightmare but to lead an overhaul of BP's corporate culture to one that stresses safety as well profits.

BP CEO Tony Hayward Gets Banished to Siberia

Embattled BP CEO Tony Hayward, whose penchant for verbal gaffes deepened the psychological wounds caused by the worst oil spill in U.S. history, will step down from the top job effective Oct. 1 to take over as head of BP's joint venture in Russia, TNK-BP.

BP Profits Set to Surge Despite the Oil Spill

Despite the rising costs associated with the Deepwater Horizon oil spill in the Gulf of Mexico, BP's second-quarter earnings are likely to be strong when they are reported late Monday: The energy giant's quarterly revenues are expected to be up 28% from a year earlier.

A Setback for BP's Oil Spill Containment Cap

In a rude welcome to Bob Dudley, BP's new point man in the Gulf oil spill, the company's containment effort hit a potentially serious snag when the cap covering the blown-out well had to be removed.

BP Taps Mississippi Native to Lead Oil Spill Efforts

BP announced on Wednesday that Bob Dudley has replaced CEO Tony Hayward as the person in charge of the oil giant%u2019s long-term response to capping the leaking deep-water oil well in the Gulf of Mexico and cleaning up the environmental damage.

Yes, BP CEO Tony Hayward Has Defenders

Hard to believe, but the most hated man in America does have fans on the other side of the Atlantic. And they believe the U.S. media and political officials are unfairly blaming the 53-year-old Brit for the worst oil spill in U.S. history.