Director dealings: BP executive lowers stake
BP's chief executive of upstream operations Bernard Looney disposed of 347,630 ordinary shares in the oil and gas giant on Thursday.
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Looney, who took charge of BP's upstream operations back in November 2010, sold his shares at an average price of 5,596p, for a total value of £1.94m.
BP posted better-than-expected first quarter profits and cash flows for the first three months of 2019 on Tuesday, together with higher output.
Underlying replacement cost profit for the first three months of 2019 fell to $2.36bn from $2.57bn in the comparable year ago period, driven by lower prices and margins, although "strong" supply and trading results acted as a partial offset.
That was better than the company compiled consensus for $2.3bn.
As of 1620 BST, BP shares were down 0.53% at 548.70p.
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