September 28, 2019 / 2:09 PM / 19 days ago

BP preparing to announce CEO's plan to retire: Sky News

Group Chief Executive of BP Bob Dudley poses for a photograph at the BP International Headquarters in central London, Britain, May 16, 2018. REUTERS/Henry Nicholls

(Reuters) - BP Plc (BP.L) is preparing to announce that the British oil company's chief executive, Bob Dudley, plans to retire within about 12 months, Sky News reported bit.ly/2nuYqLQ on Saturday.

The announcement about Dudley’s decision could be made by the end of this year or by the end of October when BP issues third-quarter results, Sky News reported, citing sources.

Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Edmund Blair

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