BP boss Bernard Looney to resign after failing to reveal ties with colleagues

Company says he only disclosed ‘a small number of historical relationships prior to becoming CEO’

The chief executive of BP is to resign less than four years into his tenure after admitting that he failed to fully detail relationships with colleagues.

Bernard Looney, who has spent his entire career with BP, is to depart the £88bn company immediately in a surprise move. On Tuesday night, the company informed investors that Looney “did not provide details of all relationships and accepts he was obliged to make more complete disclosure”.

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