Bernard Looney is stepping into the chief executive role at BP as the company, like the wider upstream industry, is struggling to navigate multiple — and sometimes contradictory — currents.

BP will be expected to maintain and build on its traditional oil and gas business and deliver returns for shareholders, while demonstrating its commitment to low carbon emission targets and cleaner energy.

Looney, 49, takes over from Bob Dudley, who assumed the role in 2010, when the UK supermajor was still dealing with the fallout from the Deepwater Horizon disaster in the deep-water Gulf of Mexico.