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26 March 2017 05:23 (South Africa)

It's official: Robert Dudley is ($17 billion losing) BP's new chief

As expected, BP on Tuesday announced that Robert Dudley will become its new CEO as soon as Tony Hayward steps down. Dudely will be the first non-Brit to run the company. BP also announced a loss of $17 billion in its second quarter, which breaks all kinds of records. The company is estimating the cost of the Gulf of Mexico spill at $32.2 billion. Reuters, New York Times

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