BP shares recover after shock Bernard Looney exit as focus turns to successor

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

Ireland Headlines News

Ireland Latest News,Ireland Headlines

The appointment of Murray Auchincloss, the chief financial officer, has calmed the market response as the search for a permanent replacement begins

BP has seen its shares weather the storm caused by the shock departure of boss Bernard Looney after he admitted failing to disclose the extent of past relationships with colleagues.

Shares in the FTSE 100 oil giant dropped as much as 1.8 per cent after the London market opened on Wednesday, but soon pared back losses to edge around 0.4 per cent lower in morning trading.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish chief executive of BP Bernard Looney set to resign, say reportsKerry man was appointed in 2020 to transform the oil producer to an integrated energy company
Source: businessposthq - 🏆 8. / 71 Read more »

BP’s Irish chief Bernard Looney to resign over past relationships with colleaguesIrish executive has led UK oil major since 2020
Source: IrishTimes - 🏆 3. / 98 Read more »

BP’s Irish chief Bernard Looney resigns over past relationships with colleaguesIrish executive had led UK oil major since 2020
Source: IrishTimes - 🏆 3. / 98 Read more »

‘Last Turtle’ Bernard Looney’s sudden exit leaves questions over oil major’s strategy directionLooney became a member of an elite group of executives known as the “turtles” under former chief executive John Browne
Source: businessposthq - 🏆 8. / 71 Read more »

Morning markets wrap: BP shares slip on Looney resignation as Kingspan loses groundIn Europe, stocks declined on speculation US inflation data may show price pressures remain sticky, adding to risks policymakers will keep interest rates higher for longer
Source: businessposthq - 🏆 8. / 71 Read more »

Daniel Murray: Seven issues facing Fianna Fáil ahead of the next electionAs the party begins its annual think-in, our political correspondent runs the rule over Fianna Fáil, potentially one year out from a general election
Source: businessposthq - 🏆 8. / 71 Read more »