BP’s Dudley Signals U.S. to Stay Cornerstone of Its Business
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Robert Dudley, BP Plc’s new man in charge of cleaning up the Gulf of Mexico oil spill, signaled the company will keep U.S. assets while it sells other interests to help cover costs related to the disaster.
While a BP team is identifying U.S. assets to guarantee a $20 billion fund demanded by the Obama administration for victims of the spill, Dudley said oil properties sold will be “geographically separated” from BP strongholds. The company will soon appoint advisers for the asset review, he said in an interview in BP’s Washington offices.