BP Plc’s BP chief executive Bernard Looney is about to resign less than four years into the job, according to a Financial Times news story on Tuesday that cited two people familiar with the decision. Looney, who has spent his entire career at BP, was appointed chief executive in July 2020. He was tasked with leading BP’s transformation to an integrated energy company, “one that creates long-term shareholder value by delivering solutions to the trilemma of secure, affordable and lower carbon energy,” the company says on its website. BP did not immediately comment and Looney did not respond to requests for comments, the Financial Times said. BP’s American depositary shares held on to 1% gains in midday trading Tuesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
