BP chief Bernard Looney resigns over past relationships with colleagues

News

BP chief executive Bernard Looney is to resign less than four years into the job, according to two people with knowledge of the decision.

Looney, 53, joined BP in 1991 aged 21 and has spent his entire career at the company. The Irish citizen was appointed chief executive in 2020 to transform the oil producer into an integrated energy company and navigate the energy transition.

A BP spokesperson could not immediately comment. Looney did not respond to requests for comments.

Looney has pledged to cut oil and gas production to reduce emissions, while investing in clean energy technologies such as wind power, hydrogen and electric vehicle charging.

This is a developing story.

Articles You May Like

Ethereum Surges Past $2,600: Popular Trader Says ETH Is Leaping Ahead Of Bitcoin
Dogecoin Price Gearing Up For Major Explosive Rally Why $1 Is Still In The Cards
XRP Price Eyes Breakout: Can It Shatter Resistance and Reignite the Rally?
Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup
Toobit Experts Predict: When Will Bitcoin Hit 200k in 2025?