BP CEO Bob Dudley is to step down from his role on 4 February 2020 and retire from the firm on 31 March. He will be succeeded from 5 February by the firm’s upstream chief Bernard Looney, who has held the position since 2016. Mr Dudley has charted BP through a turbulent period, stepping in as CEO in 2010 after Tony Hayward stepped down in the aftermath of the April 2010 Deepwater Horizon disaster. Mr Dudley deserves credit for steering BP through the aftermath which at times threatened to engulf the firm, and returning it to growth, especially given that the second half of his tenure coincided with the late-2014 downturn in oil prices. Mr Looney will hope for a more tranquil tenure. Key will be how he responds to the need for BP, and indeed all oil firms, to adapt in the face of growing environmental concerns.