He will definitely be staying, a source close to the matter said on Friday, confirming that Svanberg, one of the best-known figures in Swedish industry and BP's chairman since 2010, is in talks about also becoming chairman of Volvo.
BP said Svanberg had no plans to leave.
The chairman is completely committed to BP. If Carl-Henric Svanberg did take up a significant external role such as this, we believe it would further benefit BP, the company said in an emailed statement.
We fully support our chairman and non-executive directors having significant external roles -- it expands the breadth of experience and knowledge that they can bring to their role at BP.
Svanberg's predecessor at BP, Peter Sutherland, was also chairman of Goldman Sachs's
Volvo's second-largest shareholder, investment group Industrivarden
BP said Svanberg's role at the British oil group was not full time and he was contracted up to three days a week.
(Reporting by Tom Bergin; Writing by Sarah Young; Editing by David Holmes)