Tony Hayward will step down as chief executive of BP, the company announced Tuesday, amid ongoing outrage over the oil spill in the Gulf of Mexico.
BP posted a massive quarterly loss of $17.2 billion Tuesday due to costs stemming from the Gulf of Mexico oil disaster.
Setbacks withstanding and weather permitting, crews in the Gulf of Mexico are back on track to permanently shut down BP's once-gushing wellhead in the next few weeks.
Rep. Edward Markey on Monday challenged the assertion by oil giant BP's chief executive that no underwater oil plumes have formed because of the Gulf of Mexico spill.
BP Managing Director Bob Dudley tells CNN's Candy Crowley why 'top kill' didn't cut off the Gulf oil leak.
A top White House aide and the managing director of oil giant BP provided differing versions Sunday for who provided the initial inaccurate estimates of the size of the Gulf of Mexico oil spill.
Here are the latest developments involving the BP oil spill in the Gulf of Mexico:
Tony Hayward says the ultimate solution to the oil spill crisis relies on the relief well.
BP's CEO said Sunday he's sorry for the largest oil spill in U.S. history and the "massive disruption" it has caused the Gulf Coast, telling reporters the company hopes to corral most of the crude offshore.
BP Managing Director Robert Dudley talks about the distrust felt toward the company on Capitol Hill.
The managing director of BP on Sunday defended his company against a perceived lack of credibility, insisting that "nobody is more devastated" by an underwater oil gusher in the Gulf of Mexico.
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