Will the Gulf oil spill force the BP boss out of his job?

The horrific oil spill in the Gulf of Mexico is not only causing an ecological disaster it is starting to become even more of a financial one for British Petroleum, shares in the company fell by 3.7% today amid worries that company will have to suspends its dividend payout to share holders due to the costs of cleaning up the spill. The shares that were traded at 648p when the accident first happened back in April are now being traded for just 393.6p per share.

With the company losing so much money and its position in the press becoming a PR disaster it looks as if chief executive Tony Hayward’s days as the company could be numbered, this was not helped after US President Barack Obama said he would have fired Hayward after the spill especially in light of comments made by Hayward that “he wanted his life back” and referred to the Gulf as a “big ocean”.

Next CEO of BP

Favourite to take over the top job at BP are current executive director Iain Conn at odds of 3/1 he is closely followed by John Browne the former CEO of BP.

• 3/1 – Iain Conn
• 7/2 – Sir John Browne
• 4/1- Peter Mather
• 5/1 – Andy Inglis CH EXEC
• 5/1 – Doug Suttles BP COO
• 5/1 – Robert Dudley
• 20/1 – Simon Henry CFO Shell

Click here to claim your free £30 bet from Paddy Power