Looney departs BP with no great drama in the City

07:37am, Wednesday, 13'th Sep 2023
City analysts shrugged off the premature departure of BP chief executive Bernard Looney overnight, saying the business has management depth to cope and is in good shape operationally. Murray Auchinclo
BP's interim CEO Murray Auchincloss is expected to stick to the company's plans to shift away from oil and gas following CEO Bernard Looney's abrupt resignation, company sources said.
Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, says there is a great deal of uncertainty about who's going to take the top job on a full-time basis, and the market has been "incredibly
Environmental activists may have doubted that Big Oil was ever interested in cutting carbon emissions and working toward net zero, but Bernard Looney tried to set out a different path.
Looney's successor will have to make a crucial call on whether or not to pivot back to oil and gas, as the company's fellow British rival Shell appears to be doing.
Bernard Looney will step down with immediate effect. CNBC's Dan Murphy reports.
BP CEO Bernard Looney has resigned, effective immediately, the company announced Tuesday.  Looney's time at the helm of the London-based oil company began in 2020.
BP (BP) shares closed the day lower as CEO Bernard Looney resigned after acknowledging he had not been "fully transparent" about personal relationships he had with colleagues, according to a statement
Bernard Looney just stepped down as the head of BP plc (LON: BP). Shares of the energy giant are trending down this afternoon.
BP CEO Bernard Looney has resigned after admitting that he had not been "fully transparent" about "historical relationships with colleagues," according to a statement from the oil giant on Tuesday.
BP chief executive Bernard Looney has resigned after failing to disclose personal relationships with colleagues, the company said in a statement Tuesday.
BP BP, -1.24% Chief Executive Bernard Looney has resigned due to insufficient disclosures of past personal relationships with colleagues, according to a report from the Financial Times. The FT reporte
Bernard Looney has run the British oil and gas company since 2020.
Bernard Looney has stepped down after less than four years in office following several allegations of personal relationships with colleagues.
CNBC's Dom Chu joins 'The Exchange' to share the Financial Times report about BP CEO Bernard Looney stepping down.
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