Irish businessman
Two senior women leave BP in first major shake-up since Bernard Looney’s exit: Departures reduce the number of women on leadership team at oil major
ft.com/content/ac1b4852-1928-42cd-84d8-0af3ae00600c
Shareholder advisors support BP's handling of CEO Looney's sacking: Two major shareholder advisory firms have expressed support for the BP board's handling of ...
reut.rs/49oYKx7
BP: New boss Murray Auchincloss gets £8m pay packet in 2023: The new boss of BP was paid a little over £8m last year, the company revealed on Friday.
bbc.com/news/articles/cw0zj77e145o
Edinburgh Canonmills homes to be completed this summer: New images show the inside of “one of the most highly anticipated” homes developments in the city
heraldscotland.com/news/24171958.edinburgh-canonmills-homes-completed-summer/
BP Shares Soar as New CEO Woos Investors with Buybacks: BP Plc surged to a two-month high after accelerating share buybacks, as the company’s new boss sought to ...
bloomberg.com/news/articles/2024-02-06/bp-accelerates-share-buyback-as-profit-beats-estimates
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BP names Auchincloss permanent CEO: BP interim boss Murray Auchincloss was named permanent CEO on Wednesday four months after the energy giant was rocked by the ...
reut.rs/48ycGVS
Murray Auchincloss: the quiet man taking centre stage at BP: He is emerging from the shadows to help the oil major win over sceptical investors
ft.com/content/84135ffb-f93c-4de0-a13f-b19d07b48db6
BP investors want oil behemoth to target BAE chief as CEO: Charles Woodburn, who has run BAE Systems since 2017, is being touted by BP shareholders as a ...
news.sky.com/story/bp-investors-want-oil-behemoth-to-target-bae-chief-as-ceo-13043017
New BP boss in race to beat Shell as oil giant prepares to post 2023 earnings: Analysts expect BP’s underlying replacement cost profit will be $2 ...
businesspost.ie/article/new-bp-boss-in-race-to-beat-shell-as-oil-giant-prepares-to-post-2023-earnings/
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BP’s green agenda all at sea as sinking profits forecast renews fossil fuel call: With gloomy financial results predicted, the company must weigh its net zero ...
theguardian.com/business/2024/feb/03/bps-green-agenda-all-at-sea-as-sinking-profits-forecast-renews-fossil-fuel-call
BP’s former CEO is docked $41 million in pay after he ‘knowingly misled the board’ about personal relationships with other employees
fortune.com/2023/12/13/bp-former-ceo-looney-forfeits-pay-misleading-board/
Quick Glance: Former BP CEO Loses 32 Million Pounds Over Undisclosed Relationships
- Bernard Looney is dismissed for deceiving the board about sex affairs, resulting in the loss of millions in stocks and bonuses.
- The maximum amount Looney can lose due to his misconduct in outstanding stock options and bonuses has been reached.
- Looney provided false and incomplete assurances, leading to his immediate dismissal.
- Media reports of intimate relationships with women in the company are putting pressure on Looney's successor.
Former BP boss Bernard Looney to forfeit up to £32.4mn after ‘serious misconduct’
ft.com/content/726fae11-bb59-4595-a5e0-846160bde3d7
BP: curtains for Looney should not open wide window of opportunity: Oil major needs to pick a permanent successor to keep investors happy
ft.com/content/96f6a271-a1aa-4904-b8d5-675950775c22
BP memo denies Bernard Looney pay decision was ‘unduly harsh’: Oil major briefed leaders on fielding queries over £32.4mn clawback from its ex-chief
ft.com/content/f3b0c1f0-1695-48ef-84be-3d3d0b45e1b6
Exclusive: BP short-lists three internal candidates for CEO: BP's (BP.L) board has short-listed interim CEO Murray Auchincloss and two senior female executives ...
reuters.com/business/energy/bp-short-lists-three-internal-candidates-ceo-sources-say-2023-12-19/
BP and Equinor will find common ground
reuters.com/breakingviews/bp-equinor-will-find-common-ground-2023-12-20/
On @Breakingviews : BP’s valuation is depressed and the abrupt departure of former CEO Bernard Looney has created a leadership void ... Show more @ywchen1 t.co/XiYKlgEcBP #BVPredicts
BP pays £254mn to take full control of solar joint venture Lightsource: Deal signals that UK energy group is pressing ahead with a strategy drawn up by former ...
ft.com/content/565e903b-fd41-47bc-8aca-5be4dfaf9af0
Paid articlePaid How BP’s ‘Sun King’ court enabled the rise and fall of Bernard Looney: Former employees say oil major has tended to overlook its rising stars’ mis-steps
ft.com/content/8c558b8c-fde8-433a-b413-5d50f951289c
Paid articlePaid BP's search for new CEO to extend into next year as Looney probe drags on: BP's search for a new chief executive is set to extend into the first quarter of 2024 ...
reuters.com/business/energy/bps-search-new-ceo-extend-into-next-year-looney-probe-drags-2023-11-30/
Dubliner Emma Delaney among names tipped to replace Bernard Looney as head of BP: Delaney’s hat is one of three in the ring to replace Looney - who resigned in ...
businesspost.ie/news/dubliner-emma-delaney-among-names-tipped-to-replace-bernard-looney-as-bp-chief/
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BP rebounds into $4.9b net profit in Q3: British oil giant BP said Tuesday it rebounded strongly into net profit in the third quarter after large accounting ...
thedailystar.net/business/global-economy/news/bp-rebounds-49b-net-profit-q3-3458311
Quick Glance: BP CEO dismisses takeover speculation
- BP CEO Murray Auchincloss dismisses speculation that the company could become a takeover target.
- Auchincloss defends the company's performance despite a steep drop in third-quarter profits.
- BP is trading at a similar multiple of earnings to European peers and has closed the valuation gap with US rivals.
- BP will not acquire additional oil production like Exxon and Chevron.
The Bank of England's Rate-Cut Question: Your morning roundup of key UK business news
bloomberg.com/news/articles/2023-12-14/the-bank-of-england-s-rate-cut-question
Big Oil: BP Needs a Fresh Strategy, Not Just a New CEO: The UK oil giant should make return on capital the keystone of its investment plans.
bloomberg.com/opinion/articles/2023-11-23/big-oil-bp-needs-a-fresh-strategy-not-just-a-new-ceo
BP’s Tumultuous Quarter Brings a Quiet Canadian Into Spotlight: Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set ...
bloomberg.com/news/articles/2023-10-28/bp-s-tumultuous-quarter-brings-a-quiet-canadian-into-spotlight
Quiet Canadian steps into the spotlight to steer oil major BP out of tumultuous quarter
financialpost.com/commodities/energy/oil-gas/canadian-steer-oil-major-bp-tumultuous-quarter
Love relationships in companies: Is the time of the office romance over?: Company bosses can no longer sit out affairs with female employees these days ...
nzz.ch/wirtschaft/liebesbeziehungen-in-unternehmen-ist-die-zeit-der-buero-romanze-vorbei-ld.1760369
BP's US prez David Lawler quits just weeks after CEO Looney's resignation: The high-profile departure comes only two weeks after Looney resigned ...
business-standard.com/world-news/bp-s-us-prez-david-lawler-quits-just-weeks-after-ceo-looney-s-resignation-123093000105_1.html
BP's US boss to leave company weeks after CEO Looney: BP's (BP.L) top executive in the United States, Dave Lawler, is leaving the company ...
reuters.com/business/energy/top-bp-executive-us-leave-company-memo-2023-09-29/
BP strategy on track after Looney's departure, says interim CEO: BP (BP.L) interim CEO Murray Auchincloss said on Monday that the energy company's strategy ...
reuters.com/business/energy/bp-strategy-track-after-looneys-departure-says-interim-ceo-2023-10-02/
Sex, lies and magical thinking about CEO behaviour: The departure of Bernard Looney is another example of how boards are stepping up their scrutiny
ft.com/content/1c8b3888-56e5-4a4e-9611-174162c5826d
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BP CEO resigns after probe reveals undisclosed relationships with colleagues: BP CEO Bernard Looney has resigned after admitting that he had not been “fully ...
cnn.com/2023/09/12/investing/bp-ceo-looney-resign/
Quick Glance: BP CEO Looney Resigns Due to Personal Relationships
- BP's CEO Bernard Looney has stepped down after less than four years in office for not fully disclosing details of past personal relationships with colleagues.
- The new CEO will have a significant impact on BP's stock.
- While BP scaled back some of its energy strategies this year, it largely remained committed to its plans.
- Appointing CFO Murray Auchincloss as interim CEO ensures continuity in BP's strategy.
BP says transition strategy ‘unchanged’ by leadership turmoil: Interim chief tells investors oil supermajor remains committed to Looney’s planned production cuts
ft.com/content/c8e2b0ac-457b-4ec1-86de-af30bb5def61
Paid articlePaid Tomorrow's front page: subscribe at businesspost.ie 🗞️ Land Development Agency to get first refusal on Montrose
🗞️ Exclusive Red C Poll on voters' budget demands
🗞️ ... Show more
BP Names Kate Thomson Interim CFO, First Woman to Hold the Job: BP Plc has appointed Kate Thomson as interim chief financial officer, the first woman in that ...
bloomberg.com/news/articles/2023-09-19/bp-names-kate-thomson-interim-cfo-first-woman-to-hold-the-job
Who Is Ed Tilly? How the Cboe CEO Rose From the Trading Pit to Exit in Scandal: When Ed Tilly walked onto the Chicago Board Options Exchange floor in 1987 — ...
bloomberg.com/news/articles/2023-09-19/cboe-ceo-ed-tilly-rose-from-the-trading-pit-to-exit-in-scandal
BP to review personal relationships between staff to root out ‘problematic’ conduct
theguardian.com/business/2023/sep/15/bp-to-review-personal-relationships-between-staff-to-root-out-problematic-conduct
Boards tighten the rules on executives’ office romances: BP boss Bernard Looney is not the first chief to be felled for failing adequately to disclose liaisons ...
ft.com/content/7cc0c279-4432-4a26-87ff-6497c1528ebd
Paid articlePaid BP begins search for new CEO with no clear front-runner: BP (BP.L) CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership ...
reuters.com/business/energy/bp-begins-search-new-ceo-with-no-clear-front-runner-2023-09-13/
Bernard Looney shows why every board should be braced for scandal: Bernard Looney, the fallen BP chief, always had a certain swagger about him ...
spectator.co.uk/article/bernard-looney-shows-why-every-board-should-be-braced-for-scandal/
BP CEO exit raises strategy and board questions: podcast: Bernard Looney resigned after he failed to disclose past relationships with staff ...
reuters.com/breakingviews/bp-ceo-exit-raises-strategy-board-questions-podcast-2023-09-14/
BP names Kate Thomson as interim CFO in post-Looney reshuffle: BP (BP.L) on Tuesday appointed Kate Thomson as interim chief financial officer to take the place ...
reuters.com/business/energy/bp-appoints-kate-thomson-interim-finance-chief-2023-09-19/
Tainted love: is it all over for the workplace romance?: Company values, employment law and fairness at work have changed the politics of office relationships
theguardian.com/money/2023/sep/23/tainted-love-is-it-all-over-for-the-workplace-romance
BP shares sink after CEO quits over relationships: BP's stock slid 2.8% to close at 508.20 pence on London's flat FTSE 100 index.
freemalaysiatoday.com/category/business/2023/09/14/bp-shares-sink-after-ceo-quits-over-relationships/
Questions Swirling: The Readout With Katherine Griffiths: I’m Katherine Griffiths, Bloomberg’s City Editor. Here’s today’s Readout.
bloomberg.com/news/newsletters/2023-09-13/questions-swirling-the-readout-with-katherine-griffiths
BP Ends Its Week of CEO Chaos With Many Unanswered Questions: After several days of chaos, BP Plc is ending the week without a permanent leader and with ...
bloomberg.com/news/articles/2023-09-15/bp-ends-its-week-of-ceo-chaos-with-many-unanswered-questions
Why wasn’t Russell Brand cancelled in his prime?: In 2014, Rolf Harris was convicted of sexual offences against girls. I wrote in this space that this would have ...
spectator.co.uk/article/why-wasnt-russell-brand-cancelled-in-his-prime/
Former BP boss Bob Dudley says Looney’s shock exit ‘came out of nowhere’: Former BP CEO Bob Dudley said Tuesday that the shock resignation of Bernard Looney last ...
cnbc.com/2023/10/03/oil-former-bp-boss-says-looneys-shock-exit-came-out-of-nowhere.html
Workplace romances are an increasingly thorny issue for companies: The resignation of BP's chief executive Bernard Looney over "personal relationships with ...
news.sky.com/story/workplace-romances-are-an-increasingly-thorny-issue-for-companies-12960617
Listen: British GDP Drops, Libya Storm, and More: Get caught up on the latest news this hour
bloomberg.com/news/articles/2023-09-13/listen-bp-ceo-quits-apple-upgrades-and-more
BP's Looney holding his nerve over energy transition plan: BP (BP.L) CEO Bernard Looney says he will not further scale back his energy transition strategy after ...
reuters.com/business/energy/bps-looney-holding-his-nerve-over-energy-transition-plan-2023-09-05/
Ex-wife of BP boss who resigned says he ended their marriage by text message: Bernard Looney abruptly resigned from BP this week after admitting he failed to ...
businessinsider.com/bp-bernard-looney-ex-wife-said-he-ended-marriage-text-2023-9
Paid articlePaid BP’s top US executive to leave the company: David Lawler's departure comes just weeks after former chief executive Bernard Looney abruptly resigned
businesspost.ie/news/bps-top-us-executive-to-leave-the-company/
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CRH boss Albert Manifold revealed as third highest paid chief executive on FTSE 100
independent.ie/business/irish/crh-boss-albert-manifold-revealed-as-third-highest-paid-chief-executive-on-ftse-100/a1772684606.html
BP urges more oil, gas investment while speeding energy transition: Global oil major BP (BP.L) said the world must invest in the production of oil and gas to ...
reuters.com/business/energy/bp-urges-more-oil-gas-investment-while-speeding-energy-transition-2023-08-26/
Meeting climate targets: Why the big oil companies don’t care at all: The big oil companies have tried to clear their image of the dirty oil companies ...
focus.de/finanzen/boerse/bp-shell-und-chevron-folge-dem-geld-das-neue-oelzeitalter-bricht-an_id_206375745.html
Bernard Looney shows why every board should be braced for scandal: Bernard Looney, the fallen BP chief, always had a certain swagger about him ...
spectator.co.uk/article/bernard-looney-shows-why-every-board-should-be-braced-for-scandal/
Work-Life Integration: What It Means in the Remote Work Era: Welcome back to Work Shift’s weekly newsletter. I’m Jo Constantz, your host for this week ...
bloomberg.com/news/newsletters/2023-09-19/work-life-integration-what-it-means-in-the-remote-work-era
Montrose sale, Red C Poll and a trip to Quinn country: here’s this week’s Business Post
businesspost.ie/article/montrose-sale-red-c-poll-and-a-trip-to-quinn-country-heres-this-weeks-business-post/
Paid articlePaid Bernard Looney: BP boss who fuelled own downfall: The former chief executive’s abrupt departure comes as the oil colossus struggles to weigh fossil fuels against ...
businesspost.ie/news-focus/bernard-looney-bp-boss-who-fuelled-own-downfall/
Paid articlePaid BP CEO Bernard Looney Steps Down as Past Relationships Come to Light: Workplace romance still thrived during the lockdown, but it was harder to see.
bloomberg.com/news/articles/2023-09-15/bp-ceo-bernard-looney-steps-down-as-past-relationships-come-to-light
Return to office brings CEO relationships with employees back to forefront: As more workers are in the office again, expect relationships between CEOs and ...
financialpost.com/fp-work/return-to-office-ceo-relationships-employees
BP after surprising CEO resignation: This is what the analysts advise: The resignation of long-time BP boss Bernard Looney (
deraktionaer.de/artikel/deraktionaerplus/bp-nach-ueberraschendem-ceo-ruecktritt-das-raten-die-analysten-20339455.html
Paid articlePaid Morning markets wrap: BP shares slip on Looney resignation as Kingspan loses ground
businesspost.ie/news/morning-markets-wrap-bp-shares-slip-on-looney-resignation-as-kingspan-loses-ground/
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Bernard Looney: What is known about the ominous departure of the BP boss: The controversial boss of the energy giant BP leaves - Apparently because he had ...
spiegel.de/wirtschaft/geheimnisvoller-ruecktritt-von-bp-chef-bernard-looney-was-wir-darueber-wissen-a-130bf27f-4ba5-488c-af8e-71180c824cd7
BP Says $6.8 Billion German Offshore Wind Bet Will Make Money: BP Plc boss Bernard Looney rebuffed criticism that his company overpaid for offshore wind leases ...
bloomberg.com/news/articles/2023-08-01/bp-says-6-8-billion-german-offshore-wind-bet-will-make-money
BP sticks to restructuring - big loser in industry comparison: Despite BP stock's poor performance, CEO Bernard Looney is sticking to his strategy to reduce oil ...
deraktionaer.de/artikel/gold-rohstoffe/bp-haelt-an-umstrukturierung-fest-grosser-verlierer-im-branchenvergleich-20338996.html
BP to defend its rights in dispute with Venture Global LNG; other clients weigh options
reuters.com/business/energy/bp-defend-its-rights-fullest-venture-global-lng-arbitration-case-2023-08-01/
BP working with Reliance to boost EV charging: Looney pointed out that BP will spend between $55 billion and $65 billion this decade for energy transition.
financialexpress.com/business/express-mobility/industry-express-mobility/bp-working-with-reliance-to-boost-ev-charging/3223868/
Complaints over adult model's billboard that 'children could see': Many of those complaining believed the ad was overly sexualised and objectified women and ...
walesonline.co.uk/news/uk-news/onlyfans-model-eliza-rose-watsons-27574388
BP’s German wind option risks multiple blowbacks: Bernard Looney is going green again. After putting his retreat from oil on a slower trajectory earlier this ...
reuters.com/breakingviews/bps-german-wind-option-risks-multiple-blowbacks-2023-07-13/
Quick Glance: BP and Total win $14 billion German offshore wind site auction
- BP and TotalEnergies win 7 GW offshore wind site auction in Germany for 12.6 billion euros
- Germany's energy regulator Bundesnetzagentur confirms attractiveness of investments in offshore wind power
- Important step towards reaching national offshore capacity goal of 30 GW by 2030
- High prices in the auction indicate strong interest from energy companies in European offshore wind sites
BP hikes dividend, promises to buy back more shares: BP Plc hiked its dividend by 10% and said it would buy back another $1.5 billion of shares despite profit ...
financialpost.com/commodities/energy/oil-gas/bp-hikes-dividend-buy-back-shares
Quick Glance: BP Reports £2bn Profits Amid Ongoing Cost Crisis
- BP announces £2bn profit in the last quarter as the cost crisis persists.
- Declining profits attributed to planned maintenance work and lower margins in refining business.
- Despite falling profits, the company continues to make billions from higher oil prices.
- Environmental group Friends of the Earth criticizes BP for inadequate investment in renewable energy despite high profits.
OnlyFans to ‘OilyFans’: Billboards show BP chief topless after earning £10m: A set of billboards for the adult site OnlyFans has been rebranded by environmental ...
cityam.com/onlyfans-to-oilyfans-billboards-show-bp-chief-topless-after-earning-10m/
BP’s Irish boss Bernard Looney in parody billboard ad over £10 million earnings package
businesspost.ie/news/bps-irish-boss-bernard-looney-in-parody-billboard-ad-over-10-million-earnings-package/
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Shell and BP break climate change promises, will pump oil: Shell and BP say they will not cut oil and gas production and focus on profits over people.
houstonchronicle.com/business/columnists/tomlinson/article/shell-bp-climate-break-promises-18152812.php
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