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Bernard Looney
Irish businessman

Bernard Looney

The basics

Quick Facts

Intro
Irish businessman
Places
Work field
Gender
Male
Birth
Place of birth
County Kerry, Munster, Republic of Ireland
Age
55 years
Residence
London, Kingdom of Wessex, UK
Education
Master of Science
Stanford Graduate School of Business
(-2005)
University College Dublin
(-1991)
Bernard Looney
The details (from wikipedia)

Biography

Bernard Looney FREng (born 1970) is an Irish businessman and former chief executive officer of BP.

During Looney's tenure as CEO of BP, he promised to end BP's relationship with Rosneft, the Russian state-owned energy giant, amid Russia's 2022 invasion of Ukraine. Looney was a member of Rosneft's board until February 2022.

Early life

Looney was born in County Kerry, and was raised on a small dairy farm in Ashgrove, near Kenmare. He was the first in his family to attend a university.Looney earned a degree in electrical engineering from University College Dublin and a master's in management from Stanford Graduate School of Business. Looney is a fellow of the Royal Academy of Engineering, and a fellow of the Energy Institute.

Career

Looney, who has spent his entire career at BP, worked in core production and drilling roles in the North Sea, Vietnam and Mexico, serving in other executive roles before taking over the upstream division in 2016.

In October 2019, it was announced that Looney would succeed Bob Dudley as group chief executive in February 2020.

He sold BP shares worth £7.8 million in February and April 2019.

Looney was one of five BP employees who attended COP27 as delegates of Mauritania, where BP has made significant investments. The company said Looney and the others attended for a signing ceremony; however, Looney's attendance was criticised by Global Witness activists who were unhappy at the influence of executives from fossil fuel companies at the conference.

Bernard Looney
OilyFans picture of Bernard Looney in Tottenham, London, England

In March 2023, it was announced that Looney had received a 2022 pay package of £10 million, more than double what he received the previous year. The package included a £1.4 million salary, a £2.4 million bonus, and a £6 million share award, as well as benefits. It was criticized by Greenpeace and Global Witness, which questioned the appropriateness of such an increase while energy bills are a struggle for some families to pay. In protest against this pay package, Global Witness rebranded a set of billboards initially used for advertising the adult site OnlyFans. The billboards, which previously showed an OnlyFans model in underwear, were altered to depict the BP CEO shirtless.

In September 2023, Looney resigned abruptly from his position for failing to fully disclose details of his past personal relationships with colleagues.

Response to the 2022 Russian invasion of Ukraine

Looney, by virtue of BP's 20% stake in Moscow-based oil-producer Rosneft, formerly served alongside Igor Sechin, who is the chief executive officer, president and chairman of Rosneft's management board.

On 25 February 2022, Looney engaged in talks with the British Secretary of State for Business, Kwasi Kwarteng. The Government of the United Kingdom reportedly asked Looney to relinquish BP's 20% stake in the Russian state-owned oil firm Rosneft, which has strong ties to Russian oligarchs and the Kremlin, in the wake of the Russian invasion of Ukraine.

Personal life

Looney lives in Mayfair, central London, England. He married British life coach Jacqueline Hurst in October 2017. They separated the next year and finalised their divorce in 2019.

The contents of this page are sourced from Wikipedia article. The contents are available under the CC BY-SA 4.0 license.
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