The CEO of BP is resigning lower than 4 years into the job. The 53-year-old is stepping down after spending his total profession with the vitality large.
Looney instantly discovered himself offside of the prevailing pondering in oil and fuel as he pledged to cut back output and put money into clear vitality. These plans of have since been scaled down amidst pushback to Looney and I get the sense that push may need shoved him proper out the door.
Shares of the corporate are uneven on the FT report:
