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BP Names Chief of Oil Production Business

Mr. McKay is taking over from BP’s chief executive, Robert W. Dudley, who took over management of the so-called upstream unit in an effort to improve risk management in the wake of the spill. Mr....

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Royal Dutch Shell Posts $5.6 Billion Profit

The results were 15 percent above the previous year but well below analysts’ expectation of around $6.3 billion. Stuart Joyner, an analyst at Investec Securities in London, described the results as “a...

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