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The Guardian - UK
The Guardian - UK
Business
Martin Adeney

RARE PHOTOS: Sir peter walters obituary - The Real Truth

Sir Peter Walters Used in The Guardian 31 January 1989 GNM Archive Ref: OBS/6/9/2/6/W Box 2
Sir Peter Walters was convinced that BP could never be a top-rank international company with the government as its biggest shareholder. Photograph: Ken Saunders/The Guardian

Sir Peter Walters, chairman of BP from 1981 until 1990, who has died aged 92, laid the foundations for its transformation into a premier league international oil company.

When Walters joined BP in 1954, its management culture was still touched with the imperial flavour of its days as the Anglo-Iranian Oil Company, and the government owned nearly half the shares.

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