Bernard Looney, CEO of BP, speaks throughout the 2023 CERAWeek through S&P World convention in Houston, March 7, 2023.
F. Carter Smith | Bloomberg | Getty Pictures
The executive govt of power large BP is about to renounce after lower than 4 years at the activity, the Monetary Instances reported Tuesday, mentioning two other folks with wisdom of the verdict.
Bernard Looney took over as CEO of BP in 2020 after in the past main the corporate’s Upstream workforce. When the transfer was once introduced, board chair Helge Lund praised Looney as the best selection to guide BP into an technology of power transition.
U.S.-traded stocks of BP had been up greater than 2% Tuesday afternoon, having added to their present positive factors after the Monetary Instances record.
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How stocks of BP reacted to a record that CEO Bernard Looney resigned.
Looney took over the position close to the start of the Covid-19 pandemic, which resulted in a pointy sell-off for power shares, together with BP. The U.S.-traded stocks of the corporate are kind of flat since January 2020.
The corporate didn’t instantly reply to CNBC’s request for remark.
