Energy

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

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An illuminated BP logo is seen at a petrol station in Gateshead, Britain September 23, 2021. REUTERS/Lee Smith/File Photo

LONDON, Nov 2 (Reuters) - BP's (BP.L) 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 (RDSa.L) 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.

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Reporting by Ron Bousso; Editing by Kirsten Donovan

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