BP hopes to turn page with new CEO, leaner company (AP)

Battered BP began reinventing itself in the shadow of the Gulf of Mexico oil spill Tuesday, naming its first American CEO as it reported a record $17 billion quarterly loss. Its outgoing chief miffed the White House anew with his parting comments.

Agenda.

BP's embattled Chief Executive Officer Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday, as it reported a record quarterly loss and set aside $32.2 billion to cover the costs of the devastating Gulf of Mexico oil spill.

BP's much-criticized CEO Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill.

BP officials say they are beginning to reinvent a company that reported a record $17 billion quarterly loss and is navigating the politically fraught task of making the Gulf of Mexico new.

BP's vilified chief executive Tony Hayward resigned Tuesday as the British oil giant revealed the Gulf of Mexico disaster will cost over 32 billion dollars after causing a record quarterly loss.Hayward, whose PR gaffes handling the oil spill made him a target of US fury, will be succeeded by Bob Dudley, who is currently in charge of BP's Gulf clean-up operations and will become the group's first US chief executive.

BP's vilified chief executive Tony Hayward resigned Tuesday as the British oil giant revealed the Gulf of Mexico disaster will cost over 32 billion dollars after causing a record quarterly loss.Hayward, whose PR gaffes handling the oil spill made him a target of US fury, will be succeeded by Bob Dudley, who is currently in charge of BP's Gulf clean-up operations and will become the group's first US chief executive.