Bob Dudley has been addressing the CBI today, making his first speech outside BP since becoming CEO last month.

His tone was humble and gracious. He said:

So it’s a pleasure as well as an honour to be invited to speak with you today.

It’s also humbling, not least because of the circumstances in which I stepped into this role – a tragic accident in which 11 people lost their lives and an oil spill that has impacted livelihoods, businesses and the environment.

But his message was essentially robust: we are not budging, either from the US or deepwater in general.