The legendary oil industry is resigned

Robert Dudley’s General Director of BP is resigned, Sky News said. This year he turned 64. Dudley led the company a record for the sector for 10 years, led it through a disaster in the Gulf of Mexico and saved it from one of the most bloody corporate conflicts in Russia.

Photo: from the Kremlin website

Details. Care can be announced before the end of October, and retirement itself can take 12 months. Dudley has been heading one of the largest oil and gas companies in the world for 10 years. Not a single oil meajor, including Royal Dutch Shell and Exxon Mobile, had a leader who would have remained at his post for so long.

Hero. Dudley headed the BP immediately after the largest in the history of the company's disaster: in 2010, the deep -sea oil platform BP Deepwater Horizon exploded in the Gulf of Mexico. About 5 million barrels of oil spilled into the water of the bay, and the oil spot covered almost 5% of its area. The total expenses of BP for the payment of compensation and fines eventually amounted to about $ 65 billion.

Dudley knows very well in Russia. From 2003 to 2008, he was the head of TNK-BP, then the third largest private oil company in Russia.

Photo: from the Kremlin website

• At the time of his leadership, one of the most fierce corporate conflicts in the Russian oil industry came, when two groups of its shareholders fought for the operational leadership of TNK-BP: on the one hand, BP, on the other hand, Russian co-owners, led by Mikhail Friedman and Viktor Vekselberg.
• Russian TNK-BP shareholders were not in vain the nickname “Tankers”: in 2008, they literally survived Dudli from the company, and at the same time from the country-the Russian authorities then brought BP to violations of visa regime and labor legislation. Dudley led the company remotely for several months, in order to security purposes without revealing even the country of his stay.
• The conflict ended with the sale of Rosneft. Dudley perfectly found a common language with the head of the state -owned company Igor Sechin. Rosneft redeemed BP in TNK-BP for $ 16.5 billion and almost 13% of its own shares. Dudley himself is still sitting in the Council of Directors of Rosneft.

Find out more. Over the past 10 years, perhaps the most serious claims of shareholders to Dudley concerned the size of his reward. For example, in 2016 they were outraged that the company was going to pay him with money and shares about £ 14 million - 59% of the shareholders then voted against.