BY GUY CHAZAN
LONDON—BP PLC shares fell Tuesday amid investor frustration at the company's growth strategy in the wake of the Gulf oil spill and disappointing second-quarter results.
CEO Bob Dudley said BP wasn't about to break itself up, as some analysts have suggested, adding his top priority was to stabilize the company after the trauma of last year's Deepwater Horizon disaster.
He said he understood investors' impatience with thecompany's sluggish share price, which has barely budged this year and shows no sign of returning to its pre-Gulf-spill highs. But he said there was no need for a "knee-jerk reaction to suggestions that ...
Email
Printer Friendly
Order Reprints
Most Recommended
“Barney Frank...the man who creat...;”
“When I read the title, I laughed...;”
“Tolerance of intolerance is...;”
“The Founding Fathers would have...;”
“No one should criticize the...;”