In what was labeled BP's first 'comprehensive address' to shareholders since the Gulf Oil spill, company chief Tony Hayward said the company has 'considerable firepower' to deal with the costs of the oil spill.
Hayward told the investors that the company's top commitment right now is to the shareholders and he acknowledged that it might be politically dicey for the company to pay its annual 8.9 percent dividend to shareholders.
See the full report by clicking here.
