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By Oliver Griffin
BP PLC (BP.LN) on Thursday said that Bernard Looney, the chief executive of its upstream business, has sold around 2 million pounds ($2.6 million) worth of shares.
The British oil giant said Mr. Looney sold 347,630 shares at 559.60 pence each.
On Tuesday, BP posted an 8.8% fall in first-quarter underlying replacement cost profit--a figure that is similar to the net profit figure U.S. oil companies use and which strips out one-off items. However, at $2.4 billion, the profit figure still beat a company-compiled consensus of $2.3 billion.
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(END) Dow Jones Newswires
May 02, 2019 05:09 ET (09:09 GMT)
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