Sep 12, 2023

BP boss resigns amid review of 'personal relationships'

The head of oil giant BP has resigned as chief executive amid a review of his personal relationships with colleagues. BP said it had recently started an investigation into alleged relationships Mr Looney had with colleagues, the second such review in two years. The company said that Mr Looney had admitted to not being "Fully transparent" during a 2022 review of his relationships with colleagues, which was launched after an anonymous tip-off. At the time, the company said Mr Looney disclosed "a small number of historical relationships with colleagues prior to becoming CEO" and it found no breach of company conduct. Mr Looney "Did not provide details of all relationships and accepts he was obligated to make more complete disclosure", BP said.

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