BP denies Hayward exit rumour.

BP has denied reports from Russia that Tony Hayward is set to stand down.

A Russian report claimed deputy Prime Minister Igor Sechin said BP chief Hayward - who he meets today - will step down and name his successor. Hayward is expected to discuss BP's operations in Russia with government officials. The country represent a quarter of the company's total production. BP also recently denied speculation it would dispose of some of its Russian investments. The company says it is now spending $100m (£66m) a day on spill costs which include containment efforts, relief well drilling, grants to affected states and claims. On Friday, the oil major announced it...