Damages on BP

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>