BP Planning Management Changes

BP (NYSE: BP), Europe's second-largest oil company, will reportedly make significant management changes in its exploration and production business after Robert Dudley becomes CEO of the British oil giant on Friday.

Sky Television broke the news earlier today and reported that head of Exploration and Production (E&P), Andy Inglis, may lose his job.

Reuters previously reported that Doug Suttles, the chief operating officer for BP's exploration and production business in the U.S. may also be on the chopping block.