BP to deny Bernard Looney £32m in pay and shares after finding ‘serious misconduct’

Bernard Looney will receive no further salary, pension allowance or other benefits from the date of his dismissal. Photograph: Daniel Leal/AFP/Getty Images

BP has formally dismissed its chief executive Bernard Looney with immediate effect, and will deny him more than £32m in pay and share awards, over “serious misconduct” relating to his past relationships with colleagues.

Looney stepped down from his post in September after admitting he had failed to fully disclose a series of personal relationships with his colleagues to the board.