Reuters exclusively reports BP’s Looney halves top management roles in energy transition plan

Reuters exclusively reported that BP is more than halving the size of its senior management team as part of Chief Executive Bernard Looney’s drive to make the 111-year-old oil company more nimble as it prepares for the shift to low-carbon energy. Reuters sources said that the appointments mean BP will be cutting its leadership positions to about 120 from 250, with many veteran executives who held key positions under former CEO Bob Dudley set to leave in the coming months.