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The Latest Breaking News from Bernard Looney

Thursday briefing: What we know about the sudden exit of BP’s Bernard Looney

In today’s newsletter: The CEO quit after admitting he had not been ‘fully transparent’ about relationships he had with employees – is this just the start of a new era of corporate accountability?

The Guardian - UK

BP board faces questions over ex-CEO’s personal relations with colleagues

Sources say there was speculation about Bernard Looney’s relationships at the firm long before he became chief executive

The Guardian - UK

BP needs a new chief executive not a slower strategy towards net zero

Oil firm should get out and argue the case for sticking to the transition timetable as Bernard Looney’s successor is sought

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

When BP chiefs depart, it’s usually a dramatic exit

City Comment: These embarrassing boardroom distractions are not helpful

Evening Standard

FTSE 100 Live: Shares close flat as UK GDP shrinks by 0.5%, BP CEO quits, US inflation up

The shock resignation of one of the UK’s most influential captains of industry was the main talking point on London’s stock market today, as the FTSE 100 held steady overall.

Evening Standard

Questions Of Conduct: BP CEO Bernard Looney Resigns. Oil Stocks Near Buy Points.

BP reported Tuesday that Chief Executive Officer Bernard Looney stepped down.

Investors Business Daily

BP ‘turtle’ Brendan Looney out of the company he loved after relationships with staff

The story of how BP’s £10m-a-year-boss Brendan Looney had it all and threw it away

Evening Standard

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BP shares fall after shock departure of chief executive

Bernard Looney resigned having admitted to failing to fully detail relationships with colleagues

The Guardian - UK

BP leader is the latest to resign over questions about personal conduct

Global energy giant BP is scurrying to find a new chief executive after CEO Bernard Looney became the latest corporate leader to step down amid questions about his personal conduct

The Independent UK

Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The Guardian - UK

BP boss Bernard Looney resigns over past relationships with colleagues

Irishman took role as chief executive of oil giant in February 2020 with pledge to make it carbon neutral by mid-century

The Independent UK

BP boss Bernard Looney resigns after failing to reveal relationships with colleagues

Company says he only disclosed ‘a small number of historical relationships prior to becoming CEO’

The Guardian - UK

BP chief executive Bernard Looney resigns over past relationships with colleagues

The chief executive of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues

The Independent UK

Shock as BP boss quits over ‘relationships with colleagues’

According to BP’s annual report, Looney was paid £10 million last year

Evening Standard

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The Guardian - UK

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

The Independent UK

Fat cat bosses enjoy £500m pay rise as CEO salaries soar during cost of living crisis

Britain now ‘land of grotesque extremes’, say unions as wage gap widens

Daily Mirror

Tory plot to drop windfall tax in midst of cost-of-living crisis is branded obscene

Chancellor Jeremy Hunt has confirmed plans to revert the tax back to 40% from 75% in a move that has been criticised by campaigners

The Guardian - UK

BP facing green rebellion at annual shareholder meeting

Some of UK’s biggest pension funds preparing to demand tougher plans to reduce emissions by 2030

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The Guardian - UK

Global oil demand on course for record as China’s economy rebounds

International Energy Agency’s expectation for 2023 is 2m bpd higher than last year’s figure

Investors Business Daily

BP Stock Jumped 20% After Trimming Climate Targets — A Black Eye For ESG Investing?

BP shook up its carbon reduction strategy after lagging behind U.S. energy stocks for years. What does this mean for ESG?

The Guardian - UK

The Guardian view on corporate greed: it’s causing inflation

Editorial: Unite’s claim that firms are profiteering on the back of a crisis hitting workers is hard to dismiss

Daily Mirror

Oil giant BP slammed for handing fatcat boss £10million pay and perks bonanza

BP CEO Bernard Looney's £10million pay and perks bonanza is a 'kick the teeth' for struggling Brits, a campaigner has said - the oil giant is among those to have benefitted from a surge in wholesale energy prices in the wake of Russia ’s invasion of Ukraine

Wales Online

BP boss earns 172 times more than average employee as his pay doubles

Bernard Looney’s total pay packet increased from around £4.5m to about £10m

The Independent UK

BP CEO pay doubles to $12M as high energy costs surge profit

Total pay for BP’s CEO more than doubled to $12 million last year

The Guardian - UK

Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

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