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BP shares recover after shock Bernard Looney exit as focus turns to successor

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The appointment of Murray Auchincloss, the chief financial officer, has calmed the market response as the search for a permanent replacement begins

BP has seen its shares weather the storm caused by the shock departure of boss Bernard Looney after he admitted failing to disclose the extent of past relationships with colleagues.

Shares in the FTSE 100 oil giant dropped as much as 1.8 per cent after the London market opened on Wednesday, but soon pared back losses to edge around 0.4 per cent lower in morning trading.

 

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