What If BP Fails?

June 09, 2012   |   June 2012 Bond Updates
The saga has been going on pretty much since the Macondo crisis exploded in Tony Hayward?s face in 2010: can BP survive? Things looked pretty bleak for a US fire sale until Bob Dudley stepped up as CEO to steady the ship (and Washington?s temper). But the rumors are back; with BP trying to dig itself out of its Russia (TNK-BP) hole and prospective $15bn deals trying to be struck with the US Department of Justice to draw a line under Macondo, can the British oil major survive?

View more at: http://www.forbes.com/sites/matthewhulbert/2012/06/08/what-if-bp-fails/
 
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