BP, the London-based oil giant, said on Tuesday that its chief executive, Bernard Looney, had resigned after acknowledging that he had not been “fully transparent” in disclosing his past personal relationships with colleagues.
In a 2022 investigation, Mr. Looney acknowledged “a small number of historical relationships with colleagues” before becoming chief executive two years earlier, and BP concluded that he had not breached its code of conduct, the company said.
But the company said it had recently received information that prompted another investigation, leading to Mr. Looney’s decision to resign.
“He did not provide details of all relationships and accepts he was obligated to make more complete disclosure,” BP said.
The company said Murray Auchincloss, the chief financial officer, would replace Mr. Looney on an interim basis.
Persons:
Bernard Looney, Looney, ”, “, Murray Auchincloss
Organizations:
BP
Locations:
London