BP Upstream CEO Sells Around GBP2 Million in Shares

Date : 05/02/2019 @ 10:24AM
Source : Dow Jones News
Stock : Bp Plc (BP.)
Quote : 503.3  4.15 (0.83%) @ 9:40AM
Bp share price Chart

BP Upstream CEO Sells Around GBP2 Million in Shares

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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.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

May 02, 2019 05:09 ET (09:09 GMT)

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