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☆ Nikola Jokic, Nuggets emerge with tight win over Warriors
▼ + stars: | 2023-11-09 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/50] Nov 8, 2023; Denver, Colorado, USA; Denver Nuggets head coach Michael Malone addresses the media before the game against the Golden State Warriors at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY Sports Acquire Licensing RightsNovember 9 - Nikola Jokic produced 35 points and 13 rebounds, Reggie Jackson scored 20 points and the host Denver Nuggets beat the Golden State Warriors 108-105 on Wednesday night. Jokic missed two free throws with 15 seconds to go, but Curry's layup with five seconds left was off, forcing the Warriors to foul. Golden State went on a 10-4 run to get within 63-59, and the Warriors stayed close throughout the period. Jackson-Davis' two free throws gave the Warriors a 78-76 lead heading into the fourth.

Persons: Michael Malone, Isaiah J, Downing, Nikola Jokic, Reggie Jackson, Michael Porter Jr, Aaron Gordon, Kentavious Caldwell, Pope, Stephen Curry, Klay Thompson, Andrew Wiggins, Looney, Jonathan Kuminga, Moses Moody, Draymond, Gary Payton II, Jamal Murray, Jokic, Jackson, Chris Paul, Porter, Trayce Jackson, Davis, dunked, Curry, Caldwell, Justin Holiday Organizations: Denver Nuggets, Golden State Warriors, Ball, USA, Denver, Warriors, Golden State, The Warriors, Jackson, The Nuggets, Thomson Locations: Denver , Colorado, USA, Golden

☆ Fact Check: No evidence of Trump post to nominate Judge Cannon to Supreme Court
▼ + stars: | 2023-11-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

When I win (AGAIN - I NEVER LOST) I will make Judge Cannon a SUPREME COURT JUSTICE as soon as a vacancy is made. I will remake the SUPREME COURT so that these WITCH HUNTS by CORRUPT MEN will never happen again in our Great Country! MAGA!”However, the post does not appear on Trump’s Truth Social timeline (archived) or on Trump’s website (archived). Judge Cannon is a Trump appointee presiding over the classified documents criminal case against Trump. There is no evidence that Trump posted on Truth Social promising to make Judge Cannon a Supreme Court Justice if he wins the 2024 Presidential election.

Persons: Donald Trump, Aileen Cannon, Judge Cannon, Cannon, LOONEY JACK SMITH, Liz Harrington’s, Harrington, Trump, Read Organizations: Florida U.S, Facebook, U.S, Supreme, DAVID, SUPREME, JUSTICE, MEN, Trump, Truth, Justice, Reuters, Thomson Locations: Florida

☆ NBA roundup: Knicks top Clippers in James Harden's debut
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +8 min

The Knicks outscored the Clippers 35-21 in the fourth quarter and 69-51 in the second half, spoiling the debut of new Los Angeles acquisition James Harden. Kawhi Leonard scored 18 points while Harden finished with 17 points in 31-plus minutes in his first action since the Philadelphia 76ers dealt him to the Clippers on Oct. 31. Chris Paul finished with 17 points, six assists and five rebounds off the bench, and Klay Thompson had 17 points. Isaiah Stewart contributed 17 points and 11 rebounds, while Ausar Thompson had 16 points, seven rebounds and four steals. Sengun, meanwhile, was the offensive linchpin, pairing a career-high 12 assists with 17 points to help Houston to its third consecutive victory.

Persons: RJ Barrett, Gregory Fisher, James Harden, Barrett, Julius Randle, Mitchell Robinson, Kawhi Leonard, Harden, Anthony Edwards, Edwards, Jaden McDaniels, Rudy Gobert, Jayson Tatum, Jaylen Brown, Porzingis, Nikola Jokic, Julian Strawther, Jordan Hawkins, Brandon Ingram, CJ McCollum, Jamal Murray, Stephen Curry, Chris Paul, Klay Thompson, Dario Saric, Jonathan Kuminga, Looney, Cade Cunningham, Killian Hayes, Isaiah Stewart, Ausar Thompson, Myles Turner, phenom Victor Wembanyama, Doug McDermott, Keldon Johnson, Zach Collins, Wembanyama, Charles Bassey, Luka Doncic, Kyrie Irving, Tim Hardaway, Paolo Banchero, Orlando, Moe Wagner, Cole Anthony, Joel Embiid, Tyrese Maxey, Tobias Harris, De'Anthony Melton, Kyle Kuzma, Jordan Poole, Deni Avdija, Bam Adebayo, Jimmy Butler, Tyler Herro, LeBron James, Giannis Antetokounmpo, Antetokounmpo, Damian Lillard, Cam Thomas, Bridges, Ben Simmons, Zach LaVine, DeMar DeRozan, Coby White, Lauri Markkanen, Jalen Green, Alperen Sengun, Green, Sengun, De'Aaron Fox, Shai Gilgeous, Alexander, Chet Holmgren, Onyeka Okongwu Organizations: New York Knicks, Los Angeles Clippers, USA, Knicks, Clippers, New, Philadelphia 76ers, Timberwolves, Celtics, Boston, Pelicans, Denver, Pelicans ., Nuggets, Warriors, Pistons, Golden State, Detroit, Pacers, Spurs, Tyrese Haliburton, Indianapolis . Indiana, Indiana, San, Mavericks, Luka, Dallas, Orlando, 76ers, Wizards, Philadelphia, Sixers, Milwaukee Bucks, Lakers, Miami, Los, Heat, Bucks, Nets, Milwaukee, Brooklyn, Bulls, Jazz, Chicago, Rockets, Jalen, Houston, Hawks, Oklahoma City, Thomson Locations: New York , New York, USA, Madison, Los Angeles, New York, Minneapolis, Minnesota, New Orleans, Pelicans . New Orleans, Indiana, Antonio, Indianapolis ., San Antonio, Washington, Miami, Utah, Sacramento, Houston, Atlanta

☆ Oil major BP misses estimates for third quarter as profits plummet
▼ + stars: | 2023-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

LONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates. The British energy giant logged underlying replacement cost profit, used as a proxy for net profit, of $3.293 billion in the third quarter. Analysts had expected profit to come in at $4.059 billion in the third quarter, according to a collection of estimates by LSEG. Quarterly growth came from a rise in oil and gas production and higher realized refining margins, along with a "very strong oil trading result," BP said. The year-on-year profits of BP and other energy majors plunged in the second quarter, following weaker fossil fuel prices that have since risen sharply.

Persons: Borkhataria, Bernard Looney, Murray Auchincloss, Auchincloss, Dave Lawler, Looney Organizations: Oil, BP, LSEG, RBC Capital Markets, Organization of, Petroleum Locations: Warmister, Wiltshire, England, BP's London, U.S

☆ Steph Curry pours in 42 as Warriors roll over Pelicans
▼ + stars: | 2023-10-31 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/14] Oct 30, 2023; New Orleans, Louisiana, USA; Golden State Warriors forward Draymond Green (23) reacts to a foul call in the first quarter at Smoothie King Center. Mandatory Credit: Matthew Dobbins-USA TODAY Sports Acquire Licensing RightsOctober 31 - Steph Curry scored 42 points and the visiting Golden State Warriors routed the New Orleans Pelicans 130-102 on Monday night. The Warriors played without Klay Thompson (knee soreness) and Jonathan Kuminga (knee contusion) and the Pelicans played without Brandon Ingram (knee soreness). Curry made two 3-pointers and Andrew Wiggins made one as Golden State began the third quarter with a 13-4 run that produced an 11-point lead. The Warriors led by eight on three more occasions before consecutive 3-pointers by McCollum and Hawkins helped the Pelicans get within 59-57 at halftime.

Persons: Matthew Dobbins, Steph Curry, Chris Paul, Trayce Jackson, Davis, Moses Moody, Gary Payton II, CJ McCollum, Zion Williamson, Jordan Hawkins, Matt Ryan, Jonas Valanciunas, Kira Lewis Jr, Klay Thompson, Jonathan Kuminga, Brandon Ingram, Curry, Andrew Wiggins, Moody, Lewis, Paul, Williamson, Ryan, Looney, McCollum, Hawkins Organizations: Golden State Warriors, Smoothie King Center, USA, New Orleans Pelicans, Warriors, Pelicans, The Warriors, Golden State, Houston, State, Thomson Locations: New Orleans , Louisiana, USA, Smoothie, Moody . New Orleans, Golden, New Orleans

"BP reported weak numbers this morning...However, notably, BP has reported exceptional gas trading results on several occasions in the last couple of years, including last quarter," said RBC analyst Biraj Borkhataria. In the downstream, customers & products reported $2.1 bln vs consensus $2.4 bln, despite being supported by very strong oil trading results, suggesting weaker refining margin capture in the third quarter." That was up from the $2.6 billion profit the company reported in the prior three months due to higher oil and gas production, strong refining margins, lower refinery maintenance and "a very strong oil trading result", but natural gas marketing and trading were weak. BP expects capital expenditure of $16 billion this year, the lower end of its indicated range of $16-$18 billion. Rivals Chevron (CVX.N) and Exxon Mobil (XOM.N) last week posted sharp year-on-year drops in third quarter profit as energy prices cooled.

Persons: Norway's, Biraj Borkhataria, Murray Auchincloss, Bernard Looney, Ron Bousso, Louise Heavens, Jason Neely Organizations: windfarm, BP, Reuters Graphics Reuters, Rivals Chevron, Exxon Mobil, Thomson, & $ Locations: U.S, British, New York

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, the three sources said. BP is also considering creating joint ventures in the Eagle Ford basin, but the talks do not include its positions in the oil-rich Permian basin for now, two of the sources added. The rapid growth in U.S. shale oil and gas operations over the past 15 years has upended global markets, turning the U.S. into a major exporter of energy. By pursuing joint ventures, BP can achieve growth ambitions while avoiding spending billions on acquisitions.

Persons: Chris Helgren, Hess, Murray Auchincloss, Bernard Looney, Ron Bousso, David French, David Gregorio Our Organizations: BP, REUTERS, Reuters, Exxon Mobil, Chevron, Natural Resources, Eagle Ford, Lewis Energy, BHP, Interim, Thomson Locations: Vancouver , British Columbia, Canada, London, Eagle, U.S, Texas, Denver, New York

Speculation that Chevron and Exxon might try to buy rivals BP (BP.L) and Shell (SHEL.L) intensified over the last two years as the European majors underperformed their U.S. rivals. Investors punished the European companies for their pivot towards renewables and low carbon energy while rewarding the U.S. companies' focus on oil and gas production that drove record profits last year. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell, BP and France's TotalEnergies merged with rivals to create huge integrated companies. A senior industry source close to the issue, as well as analysts and investors dismissed any imminent U.S. purchase of European rivals. Some European investors have also campaigned for energy companies to shift their business models to help tackle climate change.

Persons: Hess, Dado Ruvic, Tyler Tebbs, Bernard Looney, Lucas Herrmann, Shell's, Exxon's, Ron Bousso, Simon Webb, Barbara Lewis Organizations: REUTERS, Chevron, Hess, LONDON, Exxon Mobil, Exxon, BP, Shell, Investors, France's, Natural Resources, MKP Advisors, BNP, Reuters, European, Thomson Locations: Ukraine, Chevron, U.S

☆ Edward Bleier, Visionary Executive at Dawn of Cable TV, Dies at 94
▼ + stars: | 2023-10-19 | by ( Glenn Rifkin | ) www.nytimes.com time to read: +1 min

A former journalist who began his career in newspapers and radio, Mr. Bleier was an innovator who foresaw industry-changing technologies and the need for fresh content to serve the emerging cable television market. At ABC and later at Warner Bros. Television, he gained a reputation for imaginative but also practical strategic thinking that helped usher in a new television era. From 1986 to 2000, he was president of a Warner Bros. division that developed basic cable networks such as Nickelodeon, MTV and The Movie Channel. As far back as 1961, while at ABC, Mr. Bleier saw a future for vintage Looney Tunes cartoons, animated shorts made by Warner Bros. and shown in movie theaters in the 1930s and ’40s. The move transformed Looney Tunes and similar cartoons into consistent profit-makers for both ABC and Warner Bros.

Persons: Edward Bleier, Bugs Bunny, Porky Pig, Magda Bleier, Bleier Organizations: Time Warner Cable, ABC, Warner Bros . Television, Warner Bros, Nickelodeon, MTV Locations: East Hampton, N.Y

Logo of British Petrol BP is seen at a petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsCompanies Bp Plc FollowLONDON, Oct 10 (Reuters) - BP (BP.L) said on Tuesday it remained committed to its financial and carbon reduction ambitions, as interim Chief Executive Officer Murray Auchincloss hosted an investor day in Denver. "BP's strategy, financial frame and net zero ambition are unchanged," the energy group said in a statement. "BP remains focused on delivering its strategy safely, with disciplined delivery, quarter-on-quarter, to meet 2025 targets and 2030 aims." The company aims to achieve zero net carbon emissions by 2050 and to invest billions in renewable and low-carbon power.

Persons: Kacper, Murray Auchincloss, Bernard Looney, Ron Bousso, Tomasz Janowski, Susan Fenton, Emelia Organizations: British, REUTERS, Rights, BP, Reuters, Thomson Locations: Pienkow, Poland, Denver

☆ Former BP boss Bob Dudley says Looney’s shock exit ‘came out of nowhere’
▼ + stars: | 2023-10-03 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Arun Sankar | Afp | Getty ImagesFormer BP CEO Bob Dudley on Tuesday said that Bernard Looney's abrupt resignation last month came as a shock and denied any prior knowledge of the latter's past personal relationships with colleagues. Looney succeeded Dudley, who stood down as BP CEO in 2020. He informed the company that he was not "fully transparent in his previous disclosures" about relationships with colleagues before becoming CEO, BP said. "Things at BP are OK. We move forward as you would expect, despite the change that happens," interim BP CEO Murray Auchincloss said Monday during a CNBC-moderated ADIPEC panel session. Dudley — who now chairs the Oil and Gas Climate Initiative, an organization backed by BP, Saudi Aramco, Exxon Mobil and other Big Oil firms — echoed Auchincloss' view.

Persons: Bernard Looney, Arun Sankar, Bob Dudley, Bernard Looney's, Dudley, Looney, Murray Auchincloss, Auchincloss, It's, Dudley — Organizations: Afp, Getty, BP, Financial Times, CNBC, Abu Dhabi International Progressive Energy Congress, BP Plc, Abu, Abu Dhabi International Petroleum Exhibition, United, Bloomberg, Climate Initiative, Exxon Mobil, Big Oil Locations: New Delhi, Abu Dhabi, United Arab Emirates, Saudi Aramco

Oct 3 (Reuters) - BP Plc (BP.L) is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. While it boosted its shareholder payout by 10% in second-quarter earnings in August, BP's net debt stood at $23.7 billion. BP has placed its stakes in U.S. Gulf of Mexico pipelines in a new company in which it will hold a 51% position and sell the rest, the sources said. The pipelines entity generates 12-month earnings before interest, tax, depreciation and amortization of around $200 million, the sources added. Among the pipelines in which BP holds stakes are the 161-mile Mars Oil Pipeline, the 89-mile Endymion Oil Pipeline and the 115-mile Cleopatra Gas Pipeline, according to its website.

Persons: Bernard Looney, Shariq Khan, David French, Ron Bousso, Cynthia Osterman Organizations: BP Plc, BP, Argos, Pipeline, Gas, Sixth Street Partners, Sixth, Bloomberg News, Thomson Locations: Gulf of Mexico, Gulf, Mexico, U.S . Gulf of Mexico, Bengaluru, New York, London

“We will not take a break and we cannot stop now, and we will continue to pass life-saving laws until we end gun violence in Connecticut. Our lives depend on it,” said Jeremy Stein, executive director of Connecticut Against Gun Violence. Immediately after it was passed, the law was challenged in court by gun rights supporters. Connecticut’s landmark 2013 gun law, passed in response to the 2012 elementary school shooting in Newtown that claimed 26 lives, is also being contested in court. Besides Connecticut, which has some of the strictest gun laws in the country, other politically liberal-leaning states including California, Washington, Colorado and Maryland also have passed gun laws this year that face legal challenges.

Persons: Ned Lamont, “, ”, Jeremy Stein, Gavin Newsom, Newsom, Vincent Candelora, Pro Tempore Martin Looney, Looney, Lamont Organizations: —, Sandy, Elementary, Democratic Gov, Besides Connecticut, U.S, Supreme, California, Republican, Assembly, Pro Tempore Locations: HARTFORD, Conn, Connecticut, Newtown, Besides, California, Washington , Colorado, Maryland, North Branford, ”, New Haven, ” Connecticut

[1/2] The BP logo is seen on gasoline pumps at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Sept 29 (Reuters) - BP's (BP.L) top executive in the United States, Dave Lawler, is leaving the company, the energy company said on Friday in a memo to employees, less than three weeks after the company's chief executive, Bernard Looney, resigned. He is the younger brother of Doug Lawler, chief executive of Continental Resources, another large U.S. shale oil and gas producer. BPX operations in Texas and Louisiana last year produced an average of 325,000 barrels of oil and gas per day. Alvarez, who joined the company in 1996, will continue in his role as senior vice president gas and power trading, Americas.

Persons: Andrew Kelly, Dave Lawler, Bernard Looney, Helge Lund, Lawler, Doug Lawler, Orlando Alvarez, Alvarez, Kyle Koontz, Ron Bousso, Juby Babu, Shilpi Majumdar, Daniel Wallis, Leslie Adler Organizations: REUTERS, BP, Energy, Continental Resources, Reuters, BP America, BPX Energy, Thomson Locations: Manhattan , New York City, U.S, United States, Gulf of Mexico, Texas, Louisiana, BP America, Americas, London, Bengaluru

☆ Hey, CEOs: Stop dating your employees and trying to cover it up
▼ + stars: | 2023-09-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Workplace relationships can be problematic, creating power imbalances that can blur lines of consent and the appearance of fairness. AdvertisementAdvertisementIf you're a CEO looking to keep your job, we've got some advice for you: Stop dating your employees. The men join a long list of execs whose workplace relationships have upended their careers. But only about one in five workers reported disclosing their workplace relationship to their employer. Some companies have even relaxed their policies over the last decade surrounding workplace relationships, Taylor said.

Persons: Edward Tilly, —, we've, He's, Johnny C, Taylor Jr, Bernard Looney, Jeff Zucker, Zucker, McDonald's, Steve Easterbrook, Easterbrook, Brian Krzanich, Lincoln Center's, Jed Bernstein, Taylor Organizations: Service, HR Management, BP, CNN, SEC, Society, Companies

☆ BP names Kate Thomson as interim CFO in post-Looney reshuffle
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: +1 min

The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. BP on Tuesday appointed Kate Thomson as interim chief financial officer to take the place of Murray Auchincloss who became interim CEO last week. The reshuffle follows the abrupt departure of CEO Bernard Looney last week after he did not fully disclose past relationships with colleagues. Thomson, who joined BP nearly 20 years ago, previously headed the finances of the energy giant's oil and gas production and operations division. Auchincloss, 52, worked closely with Looney in devising BP's energy transition strategy and has advocated a focus on high-return assets to finance the transition, according to two company sources.

Persons: Kate Thomson, Murray Auchincloss, Bernard Looney, Thomson, Auchincloss, Looney Organizations: International Energy Agency, BP, Aker BP Locations: London

☆ BP boss who resigned over undisclosed relationships with colleagues ended his marriage by text message, says ex-wife
▼ + stars: | 2023-09-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Bernard Looney resigned as CEO of BP on Tuesday over undisclosed relationships with colleagues. His ex-wife, Jacqueline Hurst, wrote in her 2021 book he ended their marriage in a text message. The author and life coach, who married Looney in 2017, said that the way he ended their marriage was "unbelievable". Looney resigned as CEO of BP after less than four years in the role. AdvertisementAdvertisementIt's not the first sudden resignation by a BP CEO.

Persons: Bernard Looney, Jacqueline Hurst, Looney, hadn't, Hurst, he'd, it's, John Browne, Steve Easterbrook, McDonald's, Looney didn't Organizations: BP, Service, Evening, Financial Times, Reuters Locations: Wall, Silicon, Mexico

☆ BP CEO exit raises strategy and board questions: podcast
▼ + stars: | 2023-09-14 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, Sept 14 (Reuters Breakingviews) - Bernard Looney resigned after he failed to disclose past relationships with staff. In this Viewsroom podcast, Breakingviews columnists debate what that means for the oil giant’s commitment to net zero, and whether BP’s board did all it could have done. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Bernard Looney, Oliver Taslic Organizations: Reuters, Thomson

☆ BP succession fail puts spotlight on its board
▼ + stars: | 2023-09-14 | by ( George Hay | ) www.reuters.com time to read: +4 min

But the surprise departure of former leader Bernard Looney the previous day reflects poorly on the company’s board. Looney’s resignation, after failing to fully disclose details of past relationships with colleagues, appears to have caught BP by surprise. That’s embarrassing for the board, whose responsibilities include planning for succession in case something happens to the CEO. Auchincloss told staff in a brief town hall meeting on Sept. 13 that the company’s aims were unchanged. And our focus remains on performance – quarter by quarter,” Auchincloss, who was previously chief financial officer, told staff, according to a company spokesperson.

Persons: Dado Ruvic, Murray Auchincloss, Helge Lund, Bernard Looney, Debra Crew, Ivan Menezes, Looney, John Browne’s, Browne, Tony Hayward, Hayward, Lund, Bernard Looney’s, Auchincloss, hasn’t, ” Auchincloss, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Interim, Diageo, BP, Irish, Thomson Locations: British

☆ BP CEO Bernard Looney resigns over failure to disclose personal relationships with colleagues
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBP CEO Bernard Looney resigns over failure to disclose personal relationships with colleaguesBernard Looney will step down with immediate effect. CNBC's Dan Murphy reports.

Persons: Bernard Looney, CNBC's Dan Murphy

BP’s (BP.L) chief executive resigned late on Tuesday after the UK oil giant’s board found he had not been sufficiently transparent about past relationships with company colleagues. While his exit appears unrelated to strategy, it puts Chair Helge Lund and the rest of BP’s board on the spot over the $112 billion group’s future direction. On the face of it, BP’s strategy should be unaffected by Looney’s missteps. While Looney subsequently revised the reduction in hydrocarbons to 25%, BP remained more committed to the energy transition than European rival Shell (SHEL.L) or U.S. giants Exxon Mobil (XOM.N) and Chevron (CVX.N). Reuters Graphics Reuters GraphicsLund and board colleagues may be minded to do the same.

Persons: Bernard Looney, Helge Lund, Looney’s missteps, Looney, Wael Sawan, Norway’s Equinor, Murray Auchincloss, Peter Thal Larsen, Sharon Lam Organizations: Reuters, BP, Shell, Exxon Mobil, Chevron, Exxon, New Shell, Reuters Graphics, Graphics Lund, International Energy Agency, Thomson Locations: Ukraine, Germany, U.S

LONDON (AP) — Global energy giant BP, one of Britain’s biggest and most recognizable companies, 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. BP conducted an internal review last year after receiving allegations about personal relationships between Looney and other company employees. “The company has strong values and the board expects everyone at the company to behave in accordance with those values,” BP said. Looney had spent his entire career at BP after joining the company as an engineer in 1991. Soon after becoming CEO, Looney set a goal of achieving net zero emissions by 2050 — in line with goals then adopted by the U.K. government.

Persons: Bernard Looney, Looney, Murray Auchincloss, ”, “, Bob Dudley, Harvey Weinstein, Jess Staley, Jeffrey Epstein, Jeff Shell Organizations: —, BP, London Stock Exchange, Greenpeace, Barclays, . Locations: Ukraine

☆ McCarthy under threat, lithium battles in Europe and Hollywood's strike loopholes
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

U.S. House Speaker Kevin McCarthy faces a threat from the Republican far right, despite Biden investigation. In Portugal, a small farming community hits back over a lithium project meant to fuel Europe’s green transition. Plus, the death toll in Libya rises as a desperate search for survivors continues. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising.

Persons: Kevin McCarthy, Biden, Reading McCarthy, Looney, Kim Jong Un, Putin Organizations: Apple, Google, Reuters, Republican, BP, Thomson Locations: Portugal, Libya, Russia, North Korea

BP scaled back its energy transition strategy earlier this year but still stands out among rivals as the only oil major with plans to cut oil and gas output by 2030 by 25%. Auchincloss told staff in a brief town hall meeting on Wednesday that the company's aims were unchanged. As part of his energy transition strategy he had committed to BP reaching net-zero emissions by 2050. BP's strategy came under renewed scrutiny after rival Shell (SHEL.L) slowed down its energy transition strategy in June. "(The BP board) have enough flexibility within the current strategy to focus more on cash flow," a second source close to the company said.

Persons: Chris Helgren, Looney, Murray Auchincloss, Bernard Looney's, Auchincloss, hasn't, Helge Lund, Murray, Ron Bousso, Dmitry Zhdannikov, Jane Merriman, Mark Potter, Elaine Hardcastle Organizations: BP, REUTERS, Board, Investors, Canadian, Reuters, Shell, Thomson Locations: Vancouver , British Columbia, Canada

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