BP CEO Bernard Looney has announced his resignation effective immediately after admitting he was not “fully transparent” in reporting “personal relationships” he had with colleagues at the company in the past, the oil company reported Tuesday. British.
Looney, 53, joined the company in 1991 and was named CEO in 2020 with the aim of leading the company in an energy transition environment. BP said in a statement that its chief financial officer, Murray Auchincloss, will take on the role of CEO on an interim basis.
According to the statement, in May 2022 the board received and analyzed allegations about Looney’s “conduct” “relating to personal relationships with colleagues within the company” that came from an anonymous source, the company said. The investigation, in which the manager “disclosed a small number of previous relationships,” concluded there was no violation of the company’s code of conduct.
However, the company continued in its statement, allegations of a similar nature have recently been received again. BP said Looney “now accepts that it was not fully transparent in its previous disclosures.” In light of this situation, the company’s previous top manager “has informed the company that he has resigned from his position as CEO with immediate effect.”
Oil major BP reported in August that its profit was $10,010 million (9,099 million euros) in the first half of this year, after posting a loss of $11,127 million (10,114 million euros) in the same period in 2022.
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