BP Says Hayward To Stay, Refutes Times Of London Resignation Rumor

Earlier today, a report by the Times stated that BP CEO Tony Hayward would resign in a matter of weeks. Sky News has just released an official refutation by the firm according to which the CEO will not only not be resigning from the oil company, but that he has "full support from the board and will remain in place." Of course, if it is uncovered that the firm has been just as "effective" in photoshopping out the various seepages next to the Macondo blow out, as it has been in marking activity at its crisis center, picking the best occasion to resign will be the last of Hayward's concerns.

From Sky News:

The Times had reported that the BP Chief Executive could step down within the next 10 weeks.

A BP spokesman said: "He has full support from the board and will remain in place."

Hayward has come under increasing pressure to resign following the company efforts to contain and cap the oil spill in the Gulf of Mexico.

David Cameron had to answer angry question from US politicians over BP on his first vist to America as Prime Minister on Tuesday.

Strong rhetoric from President Obama had fuelled American anger at the British owned oil company.

The oil spill in the Gulf of Mexico followed the explosion and sinking of one of the company's offshore wells.

The Deepwater Horizon rig explosion on April 20 killed 11 oil workers.