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

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(Reuters) – BP Plc () 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.