BP named Albert Manifold, the former boss of building materials producer CRH, as its new chairman on Monday, as it looks to ...

BP named a new board chair after activist shareholders pressured the company to move in a new direction.

The energy giant is revamping its board and implementing a new strategy in an attempt to boost its share price.

BP has appointed Irishman Albert Manifold as its new chair, paving the way for Helge Lund to depart after six troubled years ...

Albert Manifold is ‘unknown entity’ in energy who will have to prove he is best person to deliver strategy overhaul and ...

BP to Expand Board to Help Deliver Strategy Reset, FT Says, Citing Sources Provided by Dow Jones Mar 4, 2025, 8:01:00 AM--BP plans to hire two more directors to help deliver its reset oil-and ...

BP has announced a major strategic reset, increasing its investment in upstream oil and gas to $10 billion annually while significantly reducing spending on clean energy to $1.5-2 billion a year.

“Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance, all in service of growing cash flow and ...

A BP spokesperson said executives had met shareholders holding nearly half of the company's shares, and approaching 75% of institutional investors, since it announced the new strategy on February 26.

BP’s adjusted net income for the fourth quarter was $1.17 billion, down from $2.99 billion a year earlier and missing the average analyst estimate of $1.3 billion. Net debt fell to $23 billion ...

"Voting against the board is the only way for shareholders to express their dissent over BP's refusal to allow a vote on its strategy U-turn," Mark van Baal, founder of Follow This, said in a ...