As settlement talks continue, the high-profile legal battle over the Deepwater Horizon disaster in the Gulf of Mexico that was scheduled to begin Monday has been delayed a week.
CNN's Richard Quest talks to BP CEO Bob Dudley about BP profits, pointing to a turnaround from the Gulf oil spill.
Oil company BP posted increased fourth quarter profits and raised its dividend on Tuesday, hailing the improved result as a turning point in the long climb back from Gulf of Mexico oil spill of 2010.
BP has raised its target for disposals to $45bn and promised to boost pay-outs to shareholders as the UK oil group said it had reached "a definite turning point" after last year's devastating Gulf of Mexico spill.
BP reported $5.3 billion in second-quarter earnings Tuesday, marking a sharp turnaround from the staggering loss the oil company reported in the same period last year.
BP CEO Bob Dudley explains the company's second quarter net profit rebound and details future goals.
Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.
The Gulf oil spill began one year ago this week. While much of the oil is no longer visible, does it remain unseen?
A daughter will walk down the aisle this year without her father. A rig survivor still awakens at night and screams. A native American tribe in Louisiana now eats pork, chicken and beans instead of oysters and crab.
CNN's Rob Marciano reports on efforts to track, study, and rehab Gulf wildlife one year after the massive oil spill.
On the first anniversary of an explosion on the Deepwater Horizon offshore drilling platform, which triggered the biggest oil disaster in U.S. history, BP filed suit Wednesday against the manufacturer of the rig platform's blowout preventer.
A year after the onset of the worst oil spill in U.S. history, one of the most prominent Louisiana figures dealing with the disaster's aftermath remains frustrated.
One year after the oil spill, Plaquemines Parish President Billy Nungesser says he still doesn't know who's in charge.
BP chief executive Bob Dudley on Thursday read aloud the names of the 11 men killed aboard the Deepwater Horizon oil rig last year -- a response to stinging criticism at its annual shareholder meeting that the company was putting profits over safety.
BP CEO Bob Dudley, addressing the largest oil industry gathering since the disaster in the Gulf of Mexico last spring, apologized for the blowout and questioned the industry's ongoing response to drilling safety and the unrest in the Middle East.
Former chief executive Tony Hayward and other BP officials, including current CEO Robert Dudley, did not receive an annual bonus for 2010 -- a year marked by a fatal disaster that fouled the Gulf of Mexico.
BP's Russian partner AAR to block first dividend payment since oil spill. CNN's Mathew Chance reports.
BP returned to profitability in the third quarter, rebounding from the severe loss caused by the Gulf of Mexico oil spill, the company said Tuesday.
BP has returned to profit in the third quarter, following a major loss due to the Gulf of Mexico oil disaster, the company announced Tuesday.
In his latest attempt to change the culture at BP in wake of the Gulf of Mexico oil spill, new chief executive Bob Dudley told staff in an e-mail this week that their next bonuses will be based solely on how they meet safety guidelines.
As the last tar balls settle on the bottom of the Gulf, it looks like BP may have some extra cash on hand.
Total claims against BP could end up being less than the $20 billion the company pledged to set aside, according to incoming Chief Executive Robert Dudley.
It could quite possibly be called the worst job on Earth -- and the position is open.
Incoming BP CEO Bob Dudley sought to reassure jittery Gulf of Mexico residents Friday that the massive British corporation will not abandon them once the ruptured well responsible for the oil disaster has been permanently sealed.
BP's incoming CEO Bob Dudley announces James Lee Witt will support the company's work in restoring Gulf communities.
Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history.
BP has pledged to learn from the oil spill in the Gulf of Mexico and to come away from the disaster with a renewed focus on safety.
One hundred days after an oil well operated by BP ruptured in the Gulf of Mexico, and 13 days after crews finished capping the well to contain the gushing crude, the man who is overseeing the federal response is optimistic that steps planned for the coming days will finally, permanently seal the well.
BP's Chief Executive Officer Tony Hayward, the man who headed oil company throughout the three-month-long Gulf oil disaster, will step down on October 1, the company said Tuesday.
CNNMoney: Who is Bob Dudley?updated: Tue Jul 27 2010 04:44:00
So just who is Bob Dudley, the man named Tuesday to replace Tony Hayward as BP's chief?
BP is set to report its second-quarter financial results on Tuesday, and by anyone's measure it's been a bruising period for the company.
Underwater video shows the containment cap being placed back onto the blowout preventer in the Gulf.
A containment cap over the underwater gusher in the Gulf of Mexico resumed siphoning oil and gas to a surface vessel Wednesday night, according to BP.
A posh weekend at an annual yacht race off the coast of England has embattled BP CEO Tony Hayward once again treading water in social media, and tweeting a defense.
BP is clarifying comments Chairman Carl-Henric Svanberg made Friday in a broadcast interview, that BP Chief Executive Officer Tony Hayward will relinquish control over the company's daily operations in the Gulf of Mexico.
CNN's Tom Foreman explains the difficulty in sealing the vents on the capped oil well in the Gulf.
On day 46 of the Gulf of Mexico oil spill, BP began to siphon oil from the ruptured undersea well to the surface, where it was flowing onto the awaiting drill ship Discover Enterprise.
BP reported problems controlling the undersea well at the heart of the largest oil spill in U.S. history and won a delay in testing a critical piece of equipment in March, according to documents released Sunday.
Protesters brave the rain in a large showing of frustration and anger over the BP oil spill and response effort.
BP reported problems controlling the undersea well at the heart of the largest oil spill in U.S. history and won a delay in testing a critical piece of equipment in March, according to documents released Sunday.
A robotic arm that is a part of the "top kill" effort to plug the Gulf oil spill goes to work. (No Audio)
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