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The Latest Breaking News from Bernard Looney

BP hands new CEO Murray Auchincloss £8 million after predecessor Looney's shock exit

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

Evening Standard

BP’s new boss should be clearer on green strategy – fudging pleases no one

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

The Guardian - UK

BP Bags Bumper 2023 Profits, Rewards Investors

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.

International Business Times

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BP Reports Billion Profit in 2023 Despite Falling Energy Prices

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

Top News

BP CEO calls for pragmatism on green aims as profits halve

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

The Guardian - UK

BP’s green agenda all at sea as sinking profits forecast renews fossil fuel call

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

The Guardian - UK

BP under pressure from hedge fund to ditch clean energy strategy

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

The Guardian - UK

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Are UK employers going too far with strict rules on workplace relationships?

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

The Guardian - UK

Give BP’s ‘continuity candidate’ time to succeed or fail on net-zero strategy

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

The Guardian - UK

BP Picks New CEO Following Looney Sacking

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.

International Business Times

BP names Murray Auchincloss as permanent CEO after shock departure of disgraced Bernard Looney

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

Evening Standard

BP names interim boss Murray Auchincloss as permanent chief executive

Former finance chief to replace Bernard Looney, who departed unexpectedly last year

The Guardian - UK

The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

Evening Standard

UK dealmaking shrinks in 2023, but economy predicted to ‘turn corner’ in 2024 – as it happened

PwC predicts inflation will fall near ‘normal levels’ in 2024, but corporate insolvencies are forecast to jump

The Guardian - UK

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The Guardian - UK

‘You have a responsibility’: how Aviva’s Amanda Blanc has promoted equality in UK business

From BP to the CBI, the insurance boss has influenced some of the biggest changes in corporate Britain this year

The Independent UK

BP denies ex-CEO Looney a $41 million payout, saying he misled the firm over work relationships

BP says its former chief executive has been denied a payout of 32.4 million pounds, or $41 million, after he was found to have misled the company over his past relationships with colleagues

Top News

Ex-BP CEO Looney's Pay Tap Officially Turned Off!

Former BP maestro, Looney, waves farewell to future pay packets from the oil giant. Quite the plot twist in the corporate world's grand opera!

The Guardian - UK

BP to deny Bernard Looney £32m in pay and shares after finding ‘serious misconduct’

Oil firm concludes former chief misled board when it sought assurances over disclosure of personal relationships

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The Guardian - UK

BP’s interim boss struggles to be heard. But his message is right

‘Nothing’s changed’ stance by Murray Auchincloss needs time despite sceptism of investors

Evening Standard

BP shares take a hit on profit miss even after fresh $1.5 billion payday for investors

The UK's fourth most valuable company makes the biggest fall on the FTSE 100

The Guardian - UK

BP plays down takeover speculation after lower than expected profits

Oil company’s future in doubt amid US mergers after shock exit of its chief executive Bernard Looney

The Guardian - UK

Tainted love: is it all over for the workplace romance?

Company values, employment law and fairness at work have changed the politics of office relationships

Evening Standard

OPINION - Dull corporate bores are trying to outlaw the office romance — how hopeless

The corporate world is another country. They do things differently there. Yet another big swinging dick has bitten the dust after the board discovered “historical” romantic liaisons he hadn’t reported to them.

Fortune

Cboe’s CEO resigns: Yet another chief ousted for undisclosed relationships

Cboe announced Edward Tilly's resignation in a statement on Tuesday following an investigation that determined the CEO's lack of transparency 'stands in stark contrast to the company’s values'.

Fortune

BP names Kate Thomson as interim CFO. Now, 3 major oil and gas companies have women at the helm of finance

Thomson brings deep technical knowledge together with a detailed understanding of the company, says BP's interim CEO Murray Auchincloss.

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