According to The New York Post, sources close to BP have revealed that there was a growing expectation that Hayward would announce his departure in late August or September.
As per contractual terms, Hayward will walk away with nearly a 15 million pounds pay off, including a million pound as salary, share options worth 2.7million pounds and a 10.8 million pounds pension pot.
The spill in the Gulf of Mexico, which happened in April, not only resulted in huge financial liabilities for BP but also saw the ouster of its chief Tony Hayward.
British energy major BP Plc has spent $6.1 billion in the aftermath of the devastating oil spill in the Gulf of Mexico, resulting in leakage of millions of barrels of its oil into the sea.
T N Ninan writes on how the United States is handling the BP oil spill disaster and what India needed to do in the horrific Bhopal gas tragedy.
On his first visit to India after taking over as BP Plc Chief Executive Officer (CEO), Bob Dudley met Prime Minister Manmohan Singh, but what the CEO of the most talked petroleum company of the year did in his less than a day trip was to present "his credentials".
Benchmark Brent oil futures prices more than halved between June 2014 and January 2015.
20 years ago this week, India and Australia played one of the greatest Test matches in cricket history. Sreehari Nair relives the sound and the fury of that unforgettable game at the Eden Gardens.
A summary of sports events and sports persons, who made news on Wednesday
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