BP chief won't quit over Gulf of Mexico spill

BP PLC chief executive Tony Hayward says he won't step down over the Gulf of Mexico oil spill.

BP PLC chief executive Tony Hayward says he won't step down over the Gulf of Mexico oil spill.

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Hayward told BBC television Sunday that he had the "absolute intention of seeing this through to the end."

The executive says a containment cap placed on the blown-out well in the Gulf has collected about 10,000 barrels of oil over the last 24 hours.

He said he believed the cap is likely to capture "the majority, probably the vast majority" of the oil gushing from the well. Hayward told BBC television that his company had been left devastated by the disaster, and conceded that safety standards must dramatically improve.

But he said BP would survive, and has the "wherewithal to weather this storm and come back strongly."