Tony Hayward 'set to stand down

BP's chief executive Tony Hayward is expected to stand down following widespread criticism of his handling of the Gulf of Mexico oil spill.

Mr Hayward's performance in the crisis has been widely criticised.
A statement issued by BP said a board meeting was being held on Monday and "no final decision has been made".
But BBC business editor Robert Peston says the board has in effect made up its mind that Mr Hayward is going, even if the decision is not yet ratified.
The firm, which said over the weekend that Mr Hayward had the board's full support, added that "any decisions will be announced as appropriate".
Mr Hayward is likely to be replaced by his American colleague, Bob Dudley, who has taken charge of the clean-up operation.


BP's board are to sign off accounts, and these will also be discussed on Monday evening.
The accounts will cover spill compensation and costs of up to £19bn, and may result in the worst quarterly loss for a UK firm.
They are also likely to discuss terms of Mr Hayward's severance package.
Over the weekend, a BP spokesman maintained Mr Hayward continued to have the "full support of the board and senior management" but a US government official quoted by the Associated Press, said senior figures in the company had already briefed them about a change of leadership at the oil multinational.
It is believed the terms of Mr Hayward's employment entitles him to a payout of at least £1m. Meanwhile, the Daily Telegraph is reporting his pension pot could be as much as £10.8m, resulting in an annual payment of about £584,000.
Mr Hayward began his career with BP 28 years ago as a rig geologist in the North Sea before working his way up to board level. He was a popular choice for the top job when Lord Browne stepped aside in 2007.
But he will be seen to carry the can for the being at the helm for the worst year in the company's history.