Energy

BP CEO Bernard Looney commits to Russia operations amid Ukraine crisis

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Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020.

Bloomberg | Getty Images

Oil and gas giant BP said Monday that mounting risks of a Russian invasion of Ukraine are having no impact on its operations within the major energy-producing nation.

Speaking at an oil and gas exhibition conference in Cairo, Egypt, CEO Bernard Looney said the company was continuing with the “business of business” in Russia, even as the Kremlin amasses over 130,000 troops along the Ukraine border.

The heightened military presence adds to speculation that Moscow may invade Ukraine in a repeat of its 2014 annexation of…



Source cnbc.com

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