Home Money Top BP executive (and partner of the boss) buys shares worth £125k

Top BP executive (and partner of the boss) buys shares worth £125k

by Elijah
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Lucrative: BP's Argos platform in the Gulf of Mexico and Julia Emanuele

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Senior BP executive Julia Emanuele has accumulated shares worth more than £125,000 in the last six months.

The chief operating officer of the oil giant’s lucrative crude oil trading division acquired the shares since September, according to disclosures made on the London Stock Exchange.

The revelations appear on the LSE’s regulatory news service, as its partner is chief executive Murray Auchincloss.

He notified the board about their relationship in July 2020, when he was hired as chief financial officer. Since then, in stock trading announcements he has been described as “a person closely associated with Auchincloss.”

He was promoted in September to chief executive after the shock resignation of Bernard Looney, a role made permanent last month. BP confirmed in September that Auchincloss had a “long-standing relationship and his partner also works at BP.”

Lucrative: BP's Argos platform in the Gulf of Mexico and Julia Emanuele

Lucrative: BP’s Argos platform in the Gulf of Mexico and Julia Emanuele

The company said at the time that the office romance had “been fully and appropriately disclosed within BP, including through his hiring as chief financial officer almost four years ago,” adding: “As a partner with Murray, his dealings in BP’s actions are fully and appropriately reported to the LSE.’

Emanuele has been at BP since 2014 and, along with finance director Kate Thomson and European director Louise Kingham, is one of many executives. BP declined to comment last week.

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