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...Additional reporting by Patrick Jenkins, Anjli Raval, David Sheppard and Arash Massoudi Do you have information on this story? We want to hear from you....
...This decision had the effect of bringing Mr Looney’s 12-month notice period to an immediate end.” Read more on BP and Looney here...
...Its decision to fire Looney three months after his resignation has “the effect of bringing Mr Looney’s 12-month notice period to an immediate end”, it said....
...The blot of having overseen the appointment of Looney fewer than four years ago may count against him....
...Looney had made mis-steps before....
...BP has named Kate Thomson as interim chief financial officer, following last week’s management upheaval prompted by the sudden resignation of chief executive Bernard Looney....
...The company announced on Tuesday that Looney was resigning with immediate effect, confirming an earlier FT story....
...BP has had a tumultuous few months following reports about chief executive Bernard Looney’s undisclosed past relationships with colleagues....
...Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...David Cohen, a portfolio manager for Boston Partners, a fund manager that holds BP stock, told the Financial Times that oil companies were experts at finding, developing and producing oil and natural gas...
...It also shows how Sir Frederick Barclay and his late brother David, two working-class brothers from west London, forged their empire using “other people’s money”, as one person familiar with their operations...
...BP’s chief executive Bernard Looney is resigning and SoftBank’s Arm is set to hit the public market on Thursday....
...Additional contributions from Benjamin Wilhelm and David Hindley...
...BP is keen to demonstrate that investing in renewable energy remains a priority for the company after chief executive Bernard Looney rolled back ambitions to cut oil and gas production earlier this year,...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and David Sheppard, with support from the FT’s global team of reporters....
...While some analysts believe BP might appear vulnerable to a takeover given its lagging share price and the resignation of CEO Bernard Looney last month, Shell may not be best positioned to strike....
...The power struggle between Goldman Sachs’s David Solomon and Harvey Schwartz saw the one-time DJ win and his rival retire....
...Lex says that Looney’s exit should not slow oil producer’s transition....
...She’ll be replaced on an interim basis by non-executive director Stella David. For certain investors in Entain, the UK-based gambling giant, Nygaard-Andersen has fallen short of expectations....
...“We’ve got used to people having 600 friendships on Facebook,” says David D’Souza, membership director at the CIPD. “That’s different to having 600 people you can call in the night.”...
...Looney cited last year’s European energy price spike....
...Looney is a director of Rosneft, as is Bob Dudley, the former chief executive of BP....
...the same news organisations for the two-day seminar next week where ministers from the group share the stage with some of the top executives in the oil industry, including BP’s chief executive Bernard Looney...
...Speakers from international oil companies, including BP chief executive Bernard Looney and TotalEnergies’ Patrick Pouyanné, are due to appear....
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