88. Bernard Looney

bernard_looney
Age 51
Occupation CEO, BP Castrol
Nationality Irish
Position Last Year New

Bernard Looney has run BP’s Upstream business since April 2016 and has been a member of the company’s executive management team since November 2010.

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As chief executive, Upstream, Bernard is responsible for all BP’s oil and gas exploration, development and production activities worldwide. The Upstream segment includes some 17,000 people operating across almost 30 countries and produces around 2.6 million barrels equivalent of oil and gas a day.

During his tenure, process and personal safety performance have improved by 35% and 20% respectively and production has grown by 20%, driven largely by 23 major project start-ups – delivered ahead of schedule and under budget.

He has led access into new countries, including Mauritania and Senegal, high-graded the portfolio with the acquisition of onshore US assets from BHP Billiton and the proposed sale of the Alaska business, and created innovative new business models such as Aker BP in Norway.

Bernard has encouraged BP to lead the industry on methane detection methods as well as driving sustainable emissions reductions of almost 3 million tonnes CO2 equivalent in the past two years.

Under his leadership, Bernard Looney has made significant improvements in both gender and global diversity, with his top regional leadership team now being one-third women and one-third from outside the US/UK. He has also initiated a company-wide dialogue on mental health in hope of ‘ending the stigma’ associated with the issue.
In earlier Upstream executive roles, he was responsible for all BP-operated oil and gas production worldwide and for all BP’s drilling and major project activity. He led the creation of central drilling and projects functions following the Deepwater Horizon accident.

Bernard joined BP in 1991 as a drilling engineer and worked in operational roles in the North Sea, Vietnam and the Gulf of Mexico, including as a drilling engineer on the discovery of the giant Thunder Horse field. After a period in BP Alaska, he became head of the group chief executive’s office, working directly for BP chief executives Lord Browne and then Tony Hayward.

An Irish citizen, Bernard Looney grew up in County Kerry and in 1991 gained a degree in Electrical Engineering from University College Dublin. He later, in 2005, gained an MS in Management from Stanford Graduate School of Business.

Bernard is a fellow of the Royal Academy of Engineering, a fellow of the Energy Institute and is also a mentor in the FTSE 100 Cross-Company Mentoring Executive Programme.

BP and Castrol is the Alpine F1 Team official fuel and lubricants provider, through the BP Ultimate and Castrol EDGE brands.

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