Upstream boss Bernard Looney to take over as BP chief

BP chief executive Bob Dudley is set to leave his role in February next year, to be replaced by Bernard Looney, the group's upstream chief. Mr Dudley has been chief executive of the group since 2010, when he replaced Tony Hayward, leading the group through the fallout from the Deepwater Horizon oil spill. Mr Looney, an Irish citizen, joined BP in 1991 and has run the group's upstream business since November 2010. BP chairman Helge Lund said it was the "Logical time for a change" and that Mr Looney had "All the right qualities to lead us through this transformational era".

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