Outgoing BP CEO ranked third on the Power 50 2020
Bob Dudley led the British oil major following the Deepwater Horizon tragedy and through the oil price crash
This will be Bob Dudley’s final appearance on our ranking, as he prepares to retire after a remarkable decade at the head of British Petroleum. Having seen the firm through the aftermath of the Deepwater Horizon tragedy and the oil price crash, he has guided the company through rough seas.
In 2019, BP bought a 50% interest in Oman onshore block 77 and a 25% interest in Egypt’s Nour North Sinai offshore exploration concession. BP also plans to create five $1bn businesses focused on the circular economy, digital, and low-carbon technology, by 2025. Dudley has been outspoken about the need to address climate change, a trend that seems likely to continue with his successor, Bernard Looney.