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Vol. 12, No. 39 Week of September 30, 2007
Providing coverage of Alaska and northern Canada's oil and gas industry

BP explains Hayward statements leaked from internal meeting

According to a Sept. 25 report in the Financial Times, BP has said that Tony Hayward’s remark, leaked from an internal company meeting, about “dreadful” third-quarter revenues actually referred to the company’s operational performance in the third quarter. (See news item on page 11 of this issue of Petroleum News.) The company did, however, say that the operational performance would have revenue implications.

The Financial Times also reported that the company said that a comment by Hayward about BP’s performance being its worst since the company’s crisis of 1992-93 referred to BP’s share price performance relative to the company’s competitors.

—Alan Bailey



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