Refilling BP's Tank

New CEO Hayward has major safety and expansion issues to resolve

When he abruptly resigned as chief executive of BP PLC (BP)on May 1, John Browne left the company in disarray. The giant energy producer was struggling with a legacy of accidents and spills in the U.S. It was embroiled in a property dispute that threatened its position in Russia, a region that provides a quarter of its output. And morale had flagged as its shares, once among the hottest in the oil and gas industry, were losing ground to rivals. The job of fixing BP's problems fell to Tony Hayward, Browne's successor and a 25-year veteran of the company.

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