CEO of British energy giant resigns

Bernard Looney, CEO of British energy giant BP, has resigned. The surprise resignation comes after allegations of personal relationships between Looney and colleagues at the company surfaced recently, prompting the company to launch an investigation. Bernard Looney, who served as CEO for less than four years, has resigned. The company announced that Chief Financial Officer Murray Auchincloss will take over as CEO on an interim basis. The 53-year-old Looney, who took office in February 2020, is said to have had personal relationships with employees at the company as the reason for his surprise resignation. Allegations of Looney’s relationships with colleagues at the company have surfaced, and the company has launched an investigation into the matter. It is not yet clear whether the resignation will lead to changes in the company’s strategy. The company, which achieved a record profit of $28 billion in 2022, saw its second-quarter profit fall 70 percent compared to the same period the previous year, to $2.6 billion.