Tuesday, October 26, 2010

BP (NYSE:BP) CEO Points to the Positive of Company and Oil Spill

Speaking to a group of British businessmen, BP (NYSE:BP) CEO Bob Dudley began his initial steps to restore and repair the reputation of the company.

He has made safety the initial primary focus of his tenure at the company, making it the key metric for bonuses in the short term, while working on developing even better best practices in the area.

Dudley did point to some of the good things the company has already done:

"The first thing to say is that we have stopped the leak and made huge progress in cleaning up the spill.

"Second, our containment and clean-up efforts have gotten results.

"Third, we are meeting our commitments as a responsible party of this accident."

Finally, one of things several large energy companies have also said, including Dudley and BP, is they now have to be much more selective in their choice of third parties and manage the process and work much more closely.

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