Looney’s terms set as he prepares to lead BP

New chief will be paid $1.6 million base salary from when he replaces Bob Dudley

Stepping up: Bernard Looney will take over as chief executive at BP in February — Stepping up: Bernard Looney will take over as chief executive at BP in FebruaryPhoto: BP

Eoin O'Cinneide

London

Bernard Looney United Kingdom Bob Dudley BP Tony Hayward

Published 10 October 2019, 08:07Updated 10 October 2019, 08:07