March 29, 2017

Hayward Joins Russian Board

Tony Hayward has officially descended from being the CEO of BP to being a board member of BP’s Russian enterprise. Hayward is certainly not leaving empty handed, though, with an annual pension of $930,000 and a $1.6 million one-time payout. Bob Dudley has become the new BP CEO. Meanwhile, the stock value of BP has not recovered and is 31% less than the value before the oil spill. Similarly, the stock value of Transocean, which is the company that owned the Deepwater Horizon oil rig, is also 31% less than its value before the spill. On the other hand, the stock value of Halliburton, which is the company responsible for installing the failed blowout-preventer, has slightly increased since the oil spill.

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