Departing Dudley claims successor is a ‘terrific choice’ to lead firm
BP has credited Bernard Looney with helping the firm make strides on gender diversity, methane emissions and mentalhealth awareness.
In a recent interview with The P&J, Mr Looney said his father suffered from depression and that he was passionate about removing the “stigma” around mental health.
BP said Mr Looney had initiated a company-wide dialogue on the subject.
In his current role as head of upstream, Mr Looney oversees the production of 2.6 million barrels of oil equivalent per day, and the activities of 17,000 people across 30 countries.
He has led BP into new markets, including Mauritania and Senegal, and has been a key figure in efforts to rebalance the company’s upstream portfolio.
In the UK North Sea, BP sold its stakes in three fields to Serica Energy last year, but increased its equity in the giant Clair field as part of a deal with ConocoPhillips.
BP chairman Helge Lund said Mr Looney had “all the right qualities” to lead BP through what he described as a “transformational era”.
Current group CEO Bob Dudley described Mr Looney as a “terrific choice” to lead the company, saying of his successor: “He knows BP and our industry as well as anyone but is creative and not bound by traditional ways of working.
“I have no doubt that he will thoughtfully lead BP through the transition to a low carbon future.”
The London-listed firm has become a prime target for climate change demonstrators who want oil companies to stop exploring for new reserves.
Protesters disrupted the firm’s annual general meeting in Aberdeen earlier this year, and Greenpeace activists delayed a drilling rig’s journey to one of BP’s North Sea fields for several days.
This week, the Royal Shakespeare Company said it was breaking off its partnership with BP amid climate change concerns.