After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP chief executive Bob Dudley is hardly relaxed.

BP shares were sharply higher today after its €5.8bn deal with 110,000 businesses and individuals over the Deepwater Horizon disaster.

BP’s pledge to sell off billions of dollars of assets to cover compensation for the Gulf of Mexico oil disaster was dealt a blow today after a major deal in Argentina was scrapped.