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flag BP names Bernard Looney, former Shell exec, as first external CEO, shifting focus back to oil and gas.

flag BP has appointed its first external CEO, Bernard Looney, marking a significant shift as the company refocuses on oil and gas after years of prioritizing renewable energy. flag The move signals a strategic pivot toward traditional fossil fuels amid evolving market demands and investor pressure. flag Looney, previously a senior executive at Royal Dutch Shell, takes the helm amid broader industry trends favoring energy stability and profitability.

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