Background: BP has announced that Tony Hayward will step down as the company's CEO, after wide criticism of his handling of the Gulf of Mexico oil spill. American Bob Dudley is set to take the CEO role in October. Full story >>
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For more analysis, joining us again is Andrew Leckey from Arizona State University.
1. Can we say that Hayward became the sacrificial lamb, aiming at preserving BP's image in the U.S. To what extent will the appointment of new CEO help restore the oil giant's reputation?
2. BP posted a massive quarterly loss due to costs stemming from the Gulf of Mexico oil disaster. So will the oil spill have a far-reaching impact on the oil firm's earning and financial conditions?
3. And in the wake of BP's huge financial losses, the company has launched a radical shakeup, including plans to sell some assets as well as appoint a new CEO. To what extent will the oil spills alter the way the company does business?