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

Oil firm concludes former chief misled board when it sought assurances over disclosure of personal relationships

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.

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