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How the BP Board Navigated the Deepwater Horizon Aftermath

Ten years after the Deepwater Horizon disaster, BP's board faced a defining test: how to manage a crisis that killed 11 workers, spilled 4.9 million barrels of oil, and triggered $65 billion in liabilities. This episode zooms in on one specific board decision—the creation of a standalone safety and operational risk committee in 2011—and how it reshaped BP's governance. We explore the tension between short-term shareholder returns and long-term cultural reform, the board's role in overseeing the $20 billion trust fund, and the lasting impact on oil industry regulation. Lucas and…

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