It has been a month of continuing crisis for BP following the disastrous oil spill in April. This past month, the oil giant announced it will not be paying shareholders dividends and there were fears the firm would be forced to file for bankruptcy protection in the face of huge criminal and civil fines. Towards the end of June, New York's Common Retirement Fund planned to sue BP to recover losses from the drop in the company's stock price.
This month, Tony Hayward flew to the wealthy emirate of Abu Dhabi to meet officials amid speculation the oil giant is looking to raise cash to cover clean up costs from the Gulf of Mexico spill. BP has a long-standing relationship with the state-owned Abu Dhabi National Oil Co, responsible for crude oil production in the Arab Emirate.
An obvious question now is: Is BP stock a good buy just now? As of June 25, US shares of the British oil company had lost over half their value since the April 20 spill.
In Exec Digital magazine this month, we talk to British Airways CEO Willie Walsh about volcanoes, strikes and mergers, look into how to manage while the boss is away, review the latest travel gadgets, and much more.


