In the wake of the huge embarrassments coming in for BP Plc after its improper monitoring at the spill site in the Gulf of Mexico, the Company’s new CEO is looking forward to a better performance by the Company.

Bob Dudley will replace Tony Hayward as the new CEO for BP Plc on October 1. Bob said that being the first American to have joined the Company as the CEO, he will first work in the direction of reinstating the lost reputation of the Company.

"I believe that it is not possible for the company to move on in the United States with me remaining as the face to BP", said Hayward.

The Company needs to pay more than $10 billion in taxes, failing which; the Company will lose its reputation even further.

The loss suffered by BP in the second quarter totaled $17 billion, in addition to the $32 billion to be paid for the oil spill disaster.

The Company told that U.S. Securities and Exchange Commission and Department of Justice have collectively unveiled a service allowing informal enquiries relating to the oil spill.

As per the figures released in a Government backed report, as many as 5 million barrels of oil have been leaked into the sea ever since the spill began in April.