BP Steps Up 'Charm Offensive'

[cory777]

Source: WSJ

BP PLC Chief Executive Tony Hayward intensified what one BP investor described as an international "charm offensive" aimed at reassuring key partners and encouraging deep-pocketed investors to see the value in BP's beaten-down share price.

Mr. Hayward met with Abu Dhabi's powerful Crown Prince Mohammed bin Zayed Al Nahyan during a visit to the oil-rich sheikdom that began Tuesday.

BP spokeswoman Sheila Williams declined to comment on the details of any meetings, but said Mr. Hayward met with "key business partners as well as staff" in Abu Dhabi to discuss the company's day-to-day business and give them "the opportunity to raise any concerns about BP." A spokesman for the crown prince couldn't be reached for comment. A spokesman for the federal government in Abu Dhabi said he had no knowledge of the meetings.

On Wednesday in Abu Dhabi, Mr. Hayward said he would be open to seeing the emirate buy a stake of up to 10% in BP, a person familiar with the visit told Zawya Dow Jones.

Read more: http://online.wsj.com/article/SB10001424052748703636404575352350785810276.html?mod=rss_europe_whats_news

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[ixion]

1. BP couldn't care less about the damage it is doing to the Gulf of Mexico

they care only for there bottom line.

[dipsydoodle]

4. Such issues

have no effect whatsoever on their balance sheet and hence any reference to their bottom line is completely meanignless.

[saigon68]

2. Fuck those ass holes

[midnight]

3. K&R.