How to change Database Directory Path?

CREATE OR REPLACE directory <directory name> AS '<O/S directory>';


SQL> SELECT * FROM dba_directories WHERE directory_name = 'DUMP_DIR';
OWNER                          DIRECTORY_NAME
------------------------------ ------------------------------
DIRECTORY_PATH
--------------------------------------------------------------------------------
SYS                            DUMP_DIR
/u04/oradata1

SQL> CREATE OR REPLACE directory DUMP_DIR AS '/u01/oradata';

Directory created.

SQL> SELECT * FROM dba_directories WHERE directory_name = 'DUMP_DIR';
OWNER                          DIRECTORY_NAME
------------------------------ ------------------------------
DIRECTORY_PATH
--------------------------------------------------------------------------------
SYS                            DUMP_DIR
/u01/oradata

SQL>


## This has changed the directory path from /u04 to /u01.