BREAKING NEWS

New BP CEO: Company to emerge stronger and slimmer

By ASSOCIATED PRESS

JULY 27, 2010 20:57

New BP CEO Bob Dudley told reporters Tuesday that he understood the complexity of rebuilding BP's image and financial strength, and that the British oil giant would emerge as a stronger, slimmer company in the wake of the Gulf oil disaster.

Dudley is the first American to lead the company in its century-long history. One analyst from Raymond James suggested that BP appointed an American to help to boost the company's relationships and image in the US. "The two aspects of Dudley's work that make him an optimal candidate for CEO are that he's not Tony Hayward and he speaks with an American accent," said the analyst.

BP is the largest producer of oil and gas in the United States, home to 40 percent of the company's assets and one-third of its worldwide oil and gas reserves. It has huge interests in Alaska and the Gulf, wit

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