BP CEO Bernard Looney resigns over lack of transparency regarding past relationships with colleagues

Looney resigned after admitting he was not fully transparent about past relationships with colleagues.
An initial investigation found no breach of conduct, but further allegations emerged prompting a new probe.
Murray Auchincloss named interim CEO as the board searches for a permanent replacement.
Looney had advocated for BP's energy transition and net zero emissions goal.
BP shares dipped slightly on the news of Looney's resignation.