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BP said last month it was investigating possible impropriety after a whistleblower sent a letter to Chief Executive Bob Dudley making "serious" allegations.
A source familiar with the matter had told Reuters previously that the investigation related to the award of contracts in the shipping unit.
The Telegraph said the letter, a copy of which it said was sent to the UK's Serious Fraud Office, alleged a five-year catalogue of bribery within the unit, including a named shipping group receiving preferential treatment in the award of contracts.
A BP spokesman said it did not comment on personnel issues.
Reuters was told by a colleague of the senior executive named in the newspaper that the executive was on leave and that she did not know when he would return.
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