The investors of BP had been cautioned yesterday that the Company’s prior aim will be to get the massive oil spill in the Gulf of Mexico onto the right track. This came up as a result of some initial success recorded by the bid to trap oil from the leaking well.

The Company has bolstered the minds of its investors by discussing hard about its underlying fiscal strength. Following this, the Chairman of the Company, Carl-Henric Svanberg also ensured that the Company can decrease or back its dividend to meet the costs of the spill.

But the discussion did not end here. US President, Barack Obama condemned BP by saying that it has failed badly to scrap its dividend. In addition to this, the Company has been called upon to withhold the payment, by two US senators.

Obama made his point clear on his third visit to Louisiana since the oil spill that BP, should not spend billions in shareholder dividends, and should also not be "nickel and diming" Gulf coast residents over damage claims.

Defending himself, Mr. Svanberg said, “The board was clear that all resources available to the company should be applied to meeting our responsibilities in the Gulf”.