Skip to main content
//empty //empty

Bob Dudley poses for a photograph at the BP International Headquarters in central London on May 16, 2018.

Henry Nicholls/Reuters

BP chief executive officer Bob Dudley said on Wednesday he plans to step down next year following a tumultuous decade at the helm of the oil and gas company.

Dudley, who turned 64 last month, said he would retire at 65 but that no decision on the timing of this move had been taken by BP’s board.

Reuters reported on Monday that Dudley was drawing up plans to leave the company next year, which were discussed at BP’s board meeting in the United States last week.

Story continues below advertisement

“I’ve said a long time, at the age of around 65 I would” step down, Dudley told reporters at an energy conference in Moscow.

No successor has been named yet, sources close to the company told Reuters.

Dudley became chief executive after his predecessor Tony Hayward stepped down in the wake of the April 2010 Deepwater Horizon disaster in the Gulf of Mexico, that killed 11 rig workers and caused the largest oil spill in U.S. history.

He has since led BP through near-bankruptcy and an oil price collapse to being one of the fastest-growing oil companies. He has also overseen its efforts to address growing investor pressure to tackle climate change.

Follow related topics

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies