This document summarizes BP's transformation in the aftermath of the 2010 Deepwater Horizon oil spill. It notes that while BP was previously criticized, after the spill it took control of the crisis, replaced top management, sold assets to create a $20 billion compensation fund, and invested $5 billion in sustainable initiatives. The document concludes that BP has emerged as a new industry leader focused on sustainability and environmental friendliness under its new leadership and approach.