BP to put Deloitte forward as auditor

Oil giant BP intends to put Deloitte forward as its auditor at its annual general meeting in 2018 following a competitive audit tender.

The company’s current external auditor, EY, will continue in its role and will undertake the audit of BP for the financial years 2016 and, subject to reappointment by shareholders at the next AGM, 2017.

Brendan Nelson, chairman of BP's Audit Committee, said: "I would like to thank EY for their high professional standards and all they have done to provide assurance to the board and shareholders during their time as BP's auditors. Subject to shareholder approval at the 2018 AGM, we look forward to working with Deloitte."

At 0936 GMT, the shares were up 2% to 442p.