The former chief of BP plc, Bernard Looney, is set to forfeit more than $40 million in compensation after he “knowingly misled” the board about his previous relationships with colleagues. Looney, who resigned abruptly in September, gave the board “inaccurate and incomplete assurances” as part of an investigation that began in 2022, according to the…
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BP Chief Looney Abruptly Resigns; CFO Auchincloss Appointed Interim Boss
BP plc CEO Bernard Looney, who has spent his entire career at the global energy major, resigned on Tuesday for failing to disclose information about previous relationships with colleagues, according to the company. CFO Murray Auchincloss was appointed interim chief, a BP spokesperson said. The BP board said it reviewed allegations last year regarding Looney’s…
September 12, 2023
NGI The Weekly Gas Market Report
BP Laying Off 10,000 Employees as Oil Prices ‘Well Below’ Level Needed to Turn Profit
BP plc, the largestnatural gas marketerin North America and a leading U.S. oil and gas employer, on Monday launched plans to lay off 10,000 people by the end of this year.
June 8, 2020
NGI The Weekly Gas Market Report
BP CEO Says Covid-19 Impact on Energy Demand Solidifying Transition from Oil
The coronavirus pandemic has underscored BP plc’s efforts to “reimagine energy” as it transitions to lower carbon fuels, Group CEO Bernard Looney said Wednesday.
May 28, 2020
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