BP reorganizes operations

Investor's Business Daily

The energy giant revamped its oil and gas production unit so CEO Bob Dudley doesn't have to monitor daily operations and can focus on BP's recovery from the Deepwater Horizon disaster, according to sources in a Reuters article. Lamar McKay will be promoted to head of the new exploration and production unit. Sources said BP (BP) is looking into overhauling its safety division, but BP denied that claim. BP climbed 1% to 42.02.

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