BP shares are down 7% this week as the US CEO resign. In this analysis we look at why the BP share price has dropped and if this is a buying opportunity.
BP share price drops as CEO resigns
The BP share price has dropped because of the CEO's resignation. The market does not like sudden and unplanned change.
Losing a CEO suddenly in a major company is always a rocky process. Just a few weeks ago, the top executive of BP (LON:BP.) Bernard Looney resigned with immediate effect following a string of allegations. Soon after, the CEO of BP America Dave Lawler also left the oil company.
While the integrated energy firm swiftly appointed Murray Auchi...
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