BP hit by record loss

Oil giant replaces CEO as US oil spill hits earnings.

    BP has been hit by record losses following the disastrous Gulf of Mexico oil spill.

    The company said it was $17bn worse off in the second quarter of this year and the board also removed Tony Hayward as CEO, replacing him with American Bob Dudley.

    Al Jazeera's Paul Brennan reports from London.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?