The Latest Breaking News from Bernard Looney

BP said it was “in our shareholders’ interest” to make him one of the top-paid bosses on the FTSE 100

Shareholders on all sides want to know where the oil giant stands on renewables, yet Murray Auchincloss opts for ambiguity

British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and following boardroom turmoil, sending its share price rallying thanks also to more big payouts to investors.

BP reports earnings of billion in Q4 2023, surpassing expectations. Amid falling energy prices, the company remains confident in its strategy for growth...

Murray Auchincloss says BP’s ‘aim’ to reduce oil and gas emissions by 20-30% was not confirmed as a ‘target’

With gloomy financial results predicted, the company must weigh its net zero targets against demands for more oil and gas production

Bluebell Capital Partners says strategy has depressed share price and is ‘unrealistic’ about decline in oil and gas demand

After Bernard Looney at BP and Phillip Schofield at ITV, tendency to ‘overcompensate’ could create other serious problems, say HR experts

There is method in the oil conglomerate’s decision that the best candidate for CEO is the one already doing the job

British oil giant BP on Wednesday named veteran employee Murray Auchincloss as chief executive officer following a period as interim boss in the wake of Bernard Looney's sacking.

The move adds to a long tradition at the firm of appointing insiders to the CEO role rather than looking elsewhere – an approach that has had mixed results in the past