The Latest Breaking News from Bernard Looney

BP celebrates record profits - despite UK pensioner riding bus all day to stay warm

BP's underlying profits rose to $6.2 billion for the first quarter of this year

Bristol Post · May 4, 2022

BP boss Bernard Looney takes home £4.5m as soaring gas and oil prices turn company into 'cash machine'

The chief executive, who grew up on a dairy farm in County Kerry in Ireland and was the first in his family to go to University, insists he understands how many households were “really, really struggling”.

Daily Record · May 4, 2022

Windfall tax wouldn’t stop BP’s £18bn parade of projects

Neither would it make the energy crisis go away, but after a while it becomes hard to resist

The Guardian - UK · May 3, 2022

Sunak would do well to retain option of windfall tax on oil and gas profits

Firms’ bleating would fade if sum is as little as £3bn, as models suggest, and levy is applied only rarely

The Guardian - UK · Apr 28, 2022

BP boss Bernard Looney sees pay nearly double to £4.5 million

The bumper pay out comes amid soaring oil and gas prices but BP insists the increased reward is not linked

Evening Standard · Mar 18, 2022

BP boss Bernard Looney’s pay almost doubles to £4.5m in 2021

Remuneration package includes £142,000 wage increase and £2.4m in bonuses for financial performance

The Guardian - UK · Mar 18, 2022

‘We Could Lose It All’: BP’s Bet on Russia Was Always a Gamble

The company will eat a $25 billion loss with its forced exit from the country—but higher oil prices will ease the pain.

Businessweek · Mar 10, 2022

BP offloads 19.75% stake in Russian oil giant Rosneft with immediate effect

BP is to offload its 19.75% stake in state-owned Russian oil giant Rosneft "with immediate effect" following President Putin's invasion of Ukraine

Daily Mirror · Feb 28, 2022

BP to sell stake in Russian oil giant Rosneft after Ukraine invasion

The oil giant’s chief executive Bernard Looney is also resigning from the Rosneft board.

The Independent UK · Feb 27, 2022

BP will divest stake in Russian oil giant Rosneft

BP CEO Bernard Looney will immediately resign from Rosneft's board.

Axios · Feb 27, 2022