Looney, Bernard (1970- )

BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues

The oil giant said Bernard Looney had “knowingly misled the board” about the relationships and was not entitled to $40 million.

By Stanley Reed

Mr. Looney, a longtime BP employee who was named chief executive in 2020, agreed to step down immediately, the board said.

By Stanley Reed

The energy company offset a slide in profit by raising its dividend by 10 percent.

By Stanley Reed

The company said global concerns about energy security prompted the change, as it reported record profits for 2022.

By Stanley Reed