BP PLC chief executive Bernard Looney will be resigning, the Financial Times reported, citing two people it didn’t name. Read more.
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The company’s American depositary receipts rose as much as 2.9 per cent on the news. BP declined to comment.Looney oversaw an effort to transform one of the world’s most significant oil explorers into a post-fossil fuels powerhouse, before pulling back on some of the most ambitious aspirations and reviving spending on crude and natural gas.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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