He went back to London in 1997 as the director of Exploration. In 1999 Hayward became the vice-president of BP Amoco Exploration and Production and a member of the Upstream executive committee. In 2002 he became executive vice-president. In 2007 Hayward replaced Lord Browne as the chief executive of BP. He received a salary of over $1 million pounds with a bonus in 2008 of nearly $1.5 million pounds and in 2009 of just over $2 million pounds. After the Deepwater Horizon oil spill Hayward was replaced by Bob Dudley in 2010. Hayward became chairman of the UK gas-to-liquids company CompactGTL in 2013. His venture firm Vallares merged with Turkish oil firm Genel Energy in 2011 and created a $4.5 billion company.