BP posts record losses, sets aside 32.2b for oil spill

27th July 2010, Comments 0 comments

BP Tuesday announced it will sell 30 billion in assets to cover a record UK quarterly loss of 17 billion, part of 32.2b in pre-tax provisions it is setting aside for losses from the Gulf of Mexico oil spill and to compensate victims. The company also confirmed that chief executive officer Tony Hayward is leaving ...

0 Comments To This Article