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Beyond pandemonium

Financial Times

By Andrew Hill

Published: September 3 2009 03:00 | Last updated: September 3 2009 03:00

New find, new era? BP’s giant discovery in the Gulf of Mexico could symbolise a post-Browne revival. Since Lord Browne stepped down in May 2007 , his departure accelerated by scandal, BP has become a more conservative, prudent company. With the visionary but imperial peer at the helm, it grew bigger but sailed into violent storms – not least over safety.

In the past year, BP has comfortably out-paced rival Royal Dutch Shell.

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