BP is taking steps to improve its impression left in the minds of US politicians and public alike, following its handling of the Gulf oil spill.
BP shares have hit a new low. An influential ratings agency downgraded BP due to concerns over the continuing Gulf of Mexico oil spill. <Full story>
BP has confirmed that Tony Hayward will step down as the company's CEO on October 1st. He will be succeeded by American Bob Dudley. <Full story>
BP's incoming Chief Executive Bob Dudley calls the Gulf oil spill a "wake up call" for the entire industry as the giant company tallies up its losses and disclosed two investigations. <Full story>
As images from the Gulf of Mexico continue to paint a vivid and painful picture of the damage done by the oil spill, it remains to be seen how much a change of management at the top for BP will do for its image in the United States. <Full story>