BP names new boss as Bob Dudley steps down bbc.com

BP's chief executive Bob Dudley is stepping down next year after running the oil company during one of the most turbulent periods in its history.

Mr Dudley – who has spent 40 years with BP – has been chief executive for nine years, taking over after the Deepwater Horizon drilling accident.

He will be replaced by BP insider Bernard Looney in February.

He is the third FTSE 100 chief this week to step down, following similar news from Tesco and Imperial Brands.

Helge Lund, BP's chairman, said Mr Dudley "was appointed chief executive at probably the most challenging time in BP's history".