BP's Bob Dudley Joins FTSE 100 Exodus

BP's Bob Dudley is the third FTSE 100 chief executive to head for the exit in October so far

James Gard 4 October, 2019 | 11:34AM

Bob Dudley BP

BP’s Bob Dudley has joined Tesco’s Dave Lewis and Imperial Tobacco’s Alison Cooper among FTSE 100 chief executives announcing their departures this week.

Dudley, now 64, is retiring from the oil giant after steering it through the turbulent period following the Deepwater Horizon disaster in 2010. He has been in situ for just over nine years and the shares are up from around 388p to 488p in that time, but his biggest achievement is to have stabilised the firm in the wake of the disaster, restoring the dividend for income investors and rebuilding the company’s reputation.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC290.80 GBX0.28
Imperial Brands PLC1,400.00 GBX-0.36
Tesco PLC214.80 GBX1.51

About Author

James Gard  is content editor for Morningstar.co.uk

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