BP boss Bob Dudley to step down next year after a decade as CEO

Chief executive lauded for rescuing oil firm from 2010 Deepwater Horizon disaster

BP boss Bob Dudley will step down as chief executive almost a decade after steering the oil major back from the brink of collapse following the Deepwater Horizon disaster.

The company said Dudley would end his four-decade career at BP early next year and be replaced in February by insider Bernard Looney, 49, currently head of exploration and production.