If Bob Dudley, an American, becomes the next chief executive of the UK's biggest oil company as many expect, it could be legitimate to ask whether his former company Amoco has taken over BP.
Large corporate mergers often involve a struggle for supremacy between disparate cultures. In 1998, when BP acquired the much talked about US oil company Amoco, it was widely assumed the British oil giant's culture would win out.
But now the US public is baying for change, egged on by a chorus of vote-conscious politicians. BP's "corporate culture of carelessness", they argue, has spawned the biggest oil spill in US history.
The point man who could be entrusted with cultural reform, starting as early today, is the Amoco alumnus Mr Dudley.
"It's a wise choice to pick an American. This will take off some of the pressure," Gudmund Halle Isfeldt, an analyst at DnB NOR in Oslo, told Bloomberg. He anticipated BP's board would name Mr Dudley the future chief executive of the company after it met yesterday evening.
Born in Queens, New York, in 1955, while his father was serving a stint in the US Navy, the current head of BP's oil-spill response was raised in Hattiesburg, Mississippi, and spent summers in Biloxi, on the Gulf coast. He obtained a chemical engineering degree from the University of Illinois and business degrees from Southern Methodist University in Dallas, Texas, and the Thunderbird School of Global Management in Glendale, Arizona - training grounds for the "good ol' boys" who dominated the Gulf Coast oil scene around that time.
Mr Dudley got his start in the oil industry as a field engineer for Amoco in Texas and later worked for the company in Scotland, Russia and China. He joined BP through its takeover of the Chicago-based Amoco and was soon made head of the merged company's renewable and solar energy business.
At BP, he was the chief executive of the company's TNK-BP joint venture with Russian billionaire investors. There, in Vladimir Putin's Russia, he was embroiled in a fight with business partners who wanted to focus exclusively on the bottom line. Mr Dudley stood up for BP and was chased out of Russia. After running TNK-BP from a secret hideout while a shareholder battle for the company raged, his resignation was the public sacrifice the Russians demanded for a settlement.
Mr Dudley has been described as diplomatic and careful with words.
On May 6, he told a business audience in Boston, less than three weeks after the explosion on the Deep Horizon oil platform, "the human dimension of this tragedy" had been "somewhat overlooked".
"Our thoughts and prayers are with the injured and with the families and friends of those souls who are not with us today. We feel an enormous sense of sadness and loss. ? No one will rest until this job is done," he added.
Still, not everyone would welcome his elevation.
"I worked for BP between 2000 and 2004 and one thing that was very noticeable was that in the UK and in Europe, BP was obsessed with health and safety, environmental protection, risk minimisation, etcetera," Stan Pomeray, a UK investor, wrote two weeks ago on the Interactive Investor website. "We regularly turned down lucrative bits of business because it felt too risky.
"In the US, however, BP was a completely different animal," he added. "Nobody took safety seriously, nobody really gave a damn about environmental considerations. ? That wasn't just senior management it was everyone. The reason? Simple: BP USA was basically Amoco re-badged."
tcarlisle@thenational.ae
RESULTS
6.30pm UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m
Winner Final Song, Christophe Soumillon (jockey), Saeed bin Suroor (trainer).
7.05pm Handicap (TB) $135,000 (Turf) 1,000m
Winner Almanaara, Dane O’Neill, Doug Watson.
7.40pm Handicap (TB) $175,000 (D) 1,900m
Winner Grand Argentier, Brett Doyle, Doug Watson.
8.15pm Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m
Winner Major Partnership, Patrick Cosgrave, Saeed bin Suroor.
8.50pm Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m
Winner Gladiator King, Mickael Barzalona, Satish Seemar.
9.25pm Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m
Winner Universal Order, Richard Mullen, David Simcock.
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
Pots for the Asian Qualifiers
Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka
FA Cup fifth round draw
Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
West Bromwich Albion v Newcastle United/Oxford United
Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal
2018 ICC World Twenty20 Asian Western Regional Qualifier
Saturday results
Qatar beat Kuwait by 26 runs
Bahrain beat Maldives by six wickets
UAE beat Saudi Arabia by seven wickets
Monday fixtures
Maldives v Qatar
Saudi Arabia v Kuwait
Bahrain v UAE
* The top three teams progress to the Asia Qualifier
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