BP (BP) CEO Tony Hayward seeks to reassure staff that the company has enough cash to cope with...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP) CEO Tony Hayward seeks to reassure staff that the company has enough cash to cope with the costs of the Gulf oil slick. "The strength of the BP balance sheet allows us to take on this responsibility" of responding to the disaster. BP says it has already spent about $625M on the cleanup.