Bernard Looney, who has spent his entire career at BP after joining as an engineer in 1991, resigned as chief executive with immediate effect.
Bernard Looney, who has resigned as BP boss over past relationships with colleagues, first joined the company where he has spent his entire working life as an engineer.
Mr Looney was previously head of oil and gas production before he took over as chief executive from Bob Dudley at the beginning of 2020. His announcement that the business would increase the amount it invests in low-carbon projects tenfold by 2030 to around five billion US dollars a year gained praise from environmental group Greenpeace.
The company’s profit doubled between 2021 and 2022, but the increase was largely thanks to a long-term incentive that was paid to Mr Looney.
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