BP CEO Resigns Amidst Undisclosed Relationships with Colleagues Scandal
BP CEO Bernard Looney has resigned after admitting to undisclosed relationships with colleagues, following an investigation prompted by anonymous allegations. The company's CFO, Murray Auchincloss, will serve as interim CEO. Looney, who had been with BP since 1991 and became CEO in 2020, had been leading the company's efforts to transition into an integrated energy company with a focus on reducing emissions. BP's shares closed 1.3% lower on the news.