BP shares fall after shock departure of chief executive

BP said in a statement that the board first received allegations “relating to Mr Looney’s conduct in respect of personal relationships with company colleagues” in May last year

Bernard Looney departed the €102bn (£88bn) company with immediate effect, less than four years into his tenure.

BP shares fell on Tuesday after the previous night’s shock announcement that its chief executive had resigned having admitted to failing to fully detail relationships with colleagues.

Bernard Looney, who spent his entire career with the oil and gas multinational, departed the €102bn (£88bn) company with immediate effect, less than four years into his tenure.