Bp plc full form
BP CEO HISTORY
KEY LIST OF CHAIRMANS & CEOS OF BP (BRITISH PETROLEUM)
- William Knox D'Arcy ()
- John Cadman, 1st Baron Cadman ()
- Sir Maurice Bridgeman ()
- Sir William Fraser ()
- Sir Eric Drake ()
- Sir Peter Walters ()
- Robert Horton ()
- David Simon ()
- Sir John Browne ()
- Tony Hayward ()
- Bob Dudley ()
- Bernard Looney ()
- Murray Auchincloss (present)
WILLIAM KNOX D'ARCY
In , British-Australian mining tycoon William Knox D'Arcy paid £20, for exclusive oil drilling rights across most of Iran.
His team struck oil in
He founded the Anglo-Persian Oil Company a year later.
This discovery helped spark Britain's long-term political involvement in Middle Eastern oil resources, though D'Arcy's dealings with Iran drew criticism for their unequal terms.
JOHN CADMAN, 1ST BARON CADMAN
As chairman of Anglo-Persian Oil Company from , John Cadman focused on oil exploration in Persia through his expertise in mining and geophysical techniques.
He secured vital oil supplies for Britain before WWI, earning a knighthood in and later a peerage.
His leadership bridged technical operations with Middle Eastern politics during a crucial period of British petroleum development.
SIR MAURICE BRIDGEMAN
From , Maurice Bridgeman led the Anglo-Persian Oil Company through key expansions.
He signed the Red Line Agreement governing oil rights in Iran.
APOC invested in Iraqi oil fields and built refineries across Europe.
SIR WILLIAM FRASER
William Fraser led British Petroleum from to , first as director, then as chairman.
He led BP through WWII while expanding its oil operations beyond Iran into Iraq.
He built new refineries across Europe and strengthened BP's market position despite Middle East political tensions.
SIR ERIC DRAKE
As BP chairman from to , Sir Eric Drake discovered the Forties oil field in the North Sea.
After declaring the North Sea held no oil, Drake found the massive Forties field six months later—a field that produced , barrels daily.
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SIR PETER WALTERS
Under Peter Walters' chairmanship (), BP transformed from a middling oil producer into the third-largest energy company in Europe.
He engineered two decisive acquisitions:
- the $ billion purchase of Standard Oil of Ohio in , which gave BP control of Prudhoe Bay's oil fields
- and the £ billion takeover of Britoil in , which secured BP's dominance in North Sea oil production
Walters managed BP through the oil price collapse of , when crude dropped from $30 to $10 per barrel.
Rather than cutting research spending, he doubled BP's R&D budget to $ million annually, focusing on deep-water drilling technology and more efficient refining processes.
His management style centered on quarterly performance reviews with division heads.
He set profit targets but gave executives freedom in achieving them.
Those who missed targets for two consecutive quarters were replaced.
This approach helped BP's profit margins rise from 8% in to 15% by
ROBERT HORTON
As BP's Chairman and CEO from , Robert Horton launched "Project " to reshape the company through targeted culture change.
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DAVID SIMON
David Simon led BP's financial recovery as CEO () and chairman () by cutting debt and selling off units.
Earlier, as managing director during the Piper Alpha oil rig explosion that killed workers, he oversaw BP's safety reforms and crisis communications.
SIR JOHN BROWNE
As BP's CEO from , John Browne transformed the company through major acquisitions of Amoco and ARCO, and established BP's presence in Russia via TNK-BP.
He pioneered climate initiatives in the oil industry by launching BP's renewable energy division.
He resigned in amid a personal scandal involving allegations of perjury.
TONY HAYWARD
Tony Hayward led BP from to October
His tenure ended abruptly after the Deepwater Horizon disaster, where an oil rig explosion caused massive environmental damage in the Gulf of Mexico.
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BOB DUDLEY
Dudley led BP from to , stepping in when the company faced its gravest crisis—the Deepwater Horizon disaster.
His first task was directing the Gulf Coast cleanup and managing relations with authorities.
He achieved success via:
- Financial rebuilding after Deepwater Horizon's massive costs
- Shifting BP's focus toward cleaner energy while maintaining profits
- Leading industry climate efforts through the Oil and Gas Climate Initiative
Energy Intelligence named him 's Petroleum Executive of the Year, and he received a CBE for strengthening British industry and energy security.
BERNARD LOONEY
Bernard Looney's year tenure as BP CEO centered on transforming the oil giant toward renewable energy.
He committed BP to net-zero emissions by and planned to cut oil production by 40% within a decade.
BP fully withdrew from Russia after the Ukraine invasion and increased its renewable energy investments tenfold.
The company achieved 35% better process safety, 20% higher production, and 23 major projects completed under budget.
Looney resigned in September for failing to disclose personal relationships with colleagues.
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MURRAY AUCHINCLOSS
Murray Auchincloss stepped into BP's leadership after the scandal.
After serving as interim CEO since September , he secured the permanent position in January
Auchincloss brings deep operational experience to the role.
He joined BP through the Amoco merger and served as Chief Financial Officer from to
Colleagues describe him as reserved and media-averse.
As CEO, he faces three core challenges:
- executing BP's shift from oil to clean energy
- improving financial performance after a 2% stock decline in
- balancing fossil fuel reduction against shareholder returns