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PS - BP CEO Dudley to retire in 1Q20; Looney named successor - October 2019

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BP’s board of directors announced that Bernard Looney will succeed Bob Dudley as the British supermajor’s CEO in 1Q20. Looney runs BP’s upstream business and took charge of BP’s oil and gas production in 2016. He is credited with having an energetic management style and starting the company’s cost-cutting and digitalization initiatives. During the last three years, BP has had one of its fastest periods of growth in production, 20% since 2016 to around......
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