00:00 It's Benzinga and here's what's on the block.
00:02 BP Chief Executive Officer Bernard Looney resigned immediately after less than four
00:06 years in the role.
00:08 Looney informed the BP board that he had not been fully transparent about prior relationships
00:12 with colleagues before becoming CEO.
00:15 Previous investigations found no break of BP's code of conduct regarding Looney's
00:19 relationships, but new investigations are ongoing.
00:22 BP shares fell after the announcement but had gained earlier in the session.
00:26 Looney was seen as the right leader for BP's energy transition.
00:30 For all things money, visit Benzinga.com.
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