By Ed Crooks
Published: September 26 2007 03:00 | Last updated: September 26 2007 03:00
BP shares fell yesterday after the Financial Times reported that Tony Hayward, chief executive, had told staff that thecompany’s revenues in the third quarter had been “dreadful”.
He also told employees at a “town hall” meeting in Houston to expect a restructuring of the company to reduce its complexity and raise efficiency.
His comments were reported in an internal note of the meeting that was leaked to the FT. The shares fell 17p to 572½p.