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BP not facing investor calls to break up business, CEO says

Tue, 02nd Nov 2021 08:27

LONDON, Nov 2 (Reuters) - BP's investors are not
calling for the energy company to be split up into separate
low-carbon and oil and gas divisions, Chief Executive Bernard
Looney said on Tuesday.

"Our investors do not call for a breakup of BP, that's not
an issue," Looney told Reuters. "We're better together."

BP rival Royal Dutch Shell last week faced a call
from an activist fund for the company to break up as it seeks to
reduce its greenhouse gas emissions. Shell executives rejected
the call, saying the business runs better together than apart.

(Reporting by Ron Bousso; Editing by Kirsten Donovan)

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