BP Chief Dudley to Step Down Having Steered Oil Giant Through Gulf Disaster

BP CEO Bob Dudley to retire, almost a decade after he took over following the Deepwater Horizon disaster

Bob Dudley navigated the company through some of its most turbulent times, including a collapse in oil pricesBP PLC said Friday that Chief Executive Bob Dudley will retire next year, after almost a decade steering the U.K.-based energy giant through the aftermath of the Deepwater Horizon crisis.

He will be succeeded by Bernard Looney, the chief executive of BP’s upstream segment. Mr. Looney will take up the CEO role and join the BP board on Feb. 5, the company said.

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