BP BP Plc

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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