Exclusive: Robert Dudley: ‘We Are Going to Change’
The incoming BP CEO, Bob Dudley, promised change as he prepares to take over the company responsible for the massive oil leak in the Gulf.
“I think sometimes events like this shake you to the core, the foundation, and you have two responses, one is to runaway and hide, the other is to respond and really change the culture of the company and make sure all the checks and balances are there, just to make sure this does not happen again,” he told me on“GMA.”
The new boss called it a “difficult day” when Tony Hayward stepped down as CEO. Hayward has come under harsh criticism following a series of public gaffes. Dudley, a Mississippi native and the first American to head the company, has been leading BP’s efforts in the Gulf. He will take over as CEO October 1.
“We are going to hold ourselves to a higher standard, I suspect that the American people and the regulators in the United States will hold us to a higher standard. That seems reasonable to me and we are going to respond to that and we are going to change,” he said.
On the 99th day of the oil leak Dudley said the first item on his agenda is to seal the well and cleanup the Gulf. BP will attempt the “static kill” well next week.
“It is a terrible tragic accident, we’re going to learn a lot, the industry is going to learn a lot and there is no question we will change as a company and from those learnings,” he told me.
The leaking well in the Gulf “came out of nowhere,” Dudley said, and dismissed the company’s safety record as outdated.
“Many of those accidents occurred about a half a decade ago and that is what you see rolling through in terms of those safety violations,” Dudley told me. “When Tony Hayward did come in he laid the foundations for a strong focus on safe and reliable operations and the company has been moving in that direction, it takes some time.”
BP has set aside $32.2 billion for the oil leak, the company announced. BP suffered a second quarter loss of $17 billion – but the new CEO promised growth.
“BP will be a slightly smaller company. We’ve announced assets divestments between $25 and $30 billion, out of a company that has $250 billion worth of assets. It will be smaller and financially it will grow,” Dudley said.
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Change? Yeah, we’ve heard that before.
Posted by: LongT | July 27, 2010, 7:33 am 7:33 am
Change? Like Chicago change?
Posted by: LongT | July 27, 2010, 7:34 am 7:34 am
I can see Obama’s mentor now. Young man if you want to play that BS line….go to Daley’s Chicago…..oh, and be a democrat…they vote blindly.
Posted by: LongT | July 27, 2010, 7:35 am 7:35 am
Isn’t is wonderful how everyone always closes the gate after the horse gets out?!?
Posted by: Diane Smith | July 27, 2010, 7:56 am 7:56 am
We’re going to change? Bwahahahahhahahhahahahha.
Posted by: LongT | July 27, 2010, 7:57 am 7:57 am
OH, BS BP
Posted by: david | July 27, 2010, 8:10 am 8:10 am
Yeah they deserve time off if there not a major event going on that requires there full attn. (Like going out on sailing in the middle of a major oil leak. )
Posted by: omg yeah | July 27, 2010, 8:18 am 8:18 am
Change we can believe in. After Mr. Obama, every candidate should be banned from using this lying phrase.
Posted by: young_voter | July 27, 2010, 8:20 am 8:20 am
This is the only change I want to see… Tony Hayward in prison for life while BP is forced to operate as a non-profit in which 100% of the profits earned go to victims of the spill (local fisherman, beach cleanups,etc.) Until then all this talk is completely and utterly useless.
Posted by: Cary | July 27, 2010, 8:25 am 8:25 am
BP is putting a southern American in charge to what? Say “We feel your pain”??!! NOT. They still are nickle and diming people on claims. Putting them out of business. There’s probably millions of gallons of oil under the surface that may not appear for weeks or months on the beaches. Meanwhile the seafood industry is bust. Who knows what the pollution is doing to the Gulf. Watch. BP will try and slither away without setting up the $20 billion escrow fund saying “There’s no more oil – we’ve cleaned it all up or it’s been dispersed by waves and weather”. It would serve BP well if they stayed and paid out the rest of the claims in FULL – don’t let people down. Who knows the ultimate devastation to families – divorce, suicide, business failure. BP should be banned from the Gulf forever.
Posted by: Bob | July 27, 2010, 8:30 am 8:30 am
‘Change’, ‘New Day Dawning’, etc. — yeah, if we kept the cash for clunker cars we would have a whole bunch of bumper stickers that this guy could reuse for his BS for BP campaign!
Posted by: W. Wallace | July 27, 2010, 8:30 am 8:30 am
Spread the tax wealth! There’s more where that came from….Obama, Pelosi, Reid.
Posted by: LongT | July 27, 2010, 8:33 am 8:33 am
How about some major financing of alternate energy research? That would be a change…
Posted by: Hosfac | July 27, 2010, 8:44 am 8:44 am
Just to play devil’s advocate, I can’t understand what BP really did wrong, apart from use the cheapest contractors – Transocean and Haliburton – who are two of the most widely used offshore contractors in the industry.
Isn’t it these companies who need to change? Very much doubt these companies operated much differently when working for BP compared to working for everyone else.
Posted by: John | July 27, 2010, 9:20 am 9:20 am
Just to play devil’s advocate, I can’t understand what BP really did wrong, apart from use the cheapest contractors – Transocean and Haliburton – who are two of the most widely used offshore contractors in the industry.
Isn’t it these companies who need to change? Very much doubt these companies operated much differently when working for BP compared to working for everyone else.
Posted by: John
_____________________________
BP is also based in Britain which is a has a socialistic economy. Their government taxes corporations beyond belief and as a result they run very inefficiently. The socialist mentality is also something that needs to be “changed”.
Posted by: ivan | July 27, 2010, 9:28 am 9:28 am
It is a fact that, until it merged with Amoco in 1998, BP had one of the best safety records in the industry. It is also a fact that Amoco had one of the worst. Europe still remembers the Amoco Cadiz disaster of 1978. Texans still remember the Texas City refinery explosion of 2005 – a legacy Amoco site with a documented history of problems going back to 1991.
The current oil spill has the fingerprints of ex-Amoco people all over it. Amoco engineers, Amoco subcontractors and the whole operation directed from Amoco’s old headquarters in Houston, Texas.
So now the former BP is being forced out because he wasn’t very good at spin, to be replaced by a former Amoco man. Smart move.
And by the way – for those who insist on using out-of-date corporatre identities when referring to BP – Amoco is short for American Oil Company.
Posted by: George1776 | July 27, 2010, 9:55 am 9:55 am
“BP is also based in Britain which is a has a socialistic economy. Their government taxes corporations beyond belief and as a result they run very inefficiently.”
Posted by: ivan | Jul 27, 2010 9:28:56 AM
Check your facts Ivan.
Maximum US corporate tax rates = 35%
Maximum UK corporate taxt rates = 28%
Posted by: George1776 | July 27, 2010, 10:12 am 10:12 am
The trick for BP is not about safety, it is about risk assessment. Since this company is so global there is no way that will ever change. The previous CEO presided over the Texas disaster where 15 men died, Tony Hayward steps in and an obnoxious amount of disaster ensues, now Dudley which by all accounts looks like BP, quacks like BP, and is BP and will not change anything and is nothing more than the puppet of the Board of BP. I would be impressed if the board of directors was cast aside especially the chairman of the board. But lets not forget the rime ticks for oil companies, battery technology that competes with oil and e-cars are coming fast. I hope Obama can get SBA reform going and spur on innovation to counter this “New World Order” BP.
Posted by: Angelgroove | July 27, 2010, 10:19 am 10:19 am
They must not have been following American politics. Tis another gaffe” Change”.
No matter who the spokesman, I doubt they will ever be able to make things right in the Gulf. It will probably be decades until we know the full damage, and maybe not even then. A wonderful legacy for our children.
Posted by: Minley1 | July 27, 2010, 10:28 am 10:28 am
And when is BP going to fund the compensation escrow account? Talk is cheap, where’s the $$$.
Posted by: ahumbleopinion | July 27, 2010, 10:53 am 10:53 am
I believe it when I see it. BP has never once demonstrated anything other than arrogance and this NEW WORLD ORDER mindset of coupling their efforts with law enforcement no matter who they mess with. That is a fascist state.
I would love my corporation to get that level of security. Oh there is the word that describes BP’s vision security, not safety, security. It’s all about BP security, spin on worker and environmental safety, hire yes men and woman, and please the shareholders especially those international shareholders.
We should do like the Brits and fence off AMPM and BP stations with newly branded oil logo for bp, not the bright green and yellow, but the stain of disgusting brown dripping from the letters bp.
You want re-branding there it is oil soaked beaches, destroyed ecosystem, and ruined local economies. That is BP re-branding and that is what the corporate NEW WORLD ORDER will give you and I.
28% max tax rate for the Brits then 29% max tax rate in the USA. I never want BP corporate to land on our shores, but lets keep America’s corporations here.
Posted by: Angelgroove | July 27, 2010, 11:06 am 11:06 am
And eject companies like BP from our shores. You are not welcome here. Time has come for America to step up to the plate and buy out BP’s assets here in the US not as franchises but as foreclosed properties. Lis pendents on all those law suits, come on judges it is time to repay America and give back America her legacy of business. Made in America for America.
Posted by: Angelgroove | July 27, 2010, 11:13 am 11:13 am
Like Republicans changed into the Tea Party?
Posted by: dmon | July 27, 2010, 11:32 am 11:32 am
Dudley, a Mississippi native and the first American to head the company, has been leading BP’s efforts in the Gulf. He will take over as CEO October 1.
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Posted by: Daniel Nassar | November 22, 2011, 1:19 pm 1:19 pm