BP Plc ADR(BP-N)
NYSE

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the globe and mail
FILE PHOTO: A BP logo is seen at a petrol station in London, Britain, January 15, 2015. REUTERS/Luke MacGregor/File Photo
the globe and mail

Oil giant BP abruptly ousts chairman Albert Manifold over governance and conduct issues

Departure is unexpected, with Manifold having been appointed to the position late last year
Tipranks
BP files 2025 payments-to-governments transparency report
Motley Fool
Helmerich & Payne vs. Noble: Which Energy Services Stock Is a Better Buy in 2026?
Zacks Investment Research
SLB OneSubsea Wins Contract for BP's Thunder Horse Deepwater Project
SLB OneSubsea Wins Contract for BP's Thunder Horse Deepwater Project
Tipranks
Barclays Remains a Buy on BP p.l.c. (BP)
Zacks Investment Research
Is XOM Worth Betting on at its Premium Price or Should Investors Wait?
Is XOM Worth Betting on at its Premium Price or Should Investors Wait?
Zacks Investment Research
Here's How Cleaner Transportation Fuels Are Powering Valero's Growth
Here's How Cleaner Transportation Fuels Are Powering Valero's Growth
Zacks Investment Research
BP Surges 45% in a Year: Should Investors Bet on the Momentum?
BP Surges 45% in a Year: Should Investors Bet on the Momentum?
Zacks Investment Research
SLB to Expand Digital Portfolio With Strategic Acquisition of Tachyus
SLB to Expand Digital Portfolio With Strategic Acquisition of Tachyus
Tipranks
BP Updates Share Capital and Total Voting Rights as of 31 May 2026
Tipranks
BP Executives Acquire Shares Under May 2026 ShareMatch Plan
Tipranks
BP (BP) Receives a Hold from Wells Fargo
Tipranks
BP p.l.c. (BP) Gets a Buy from UBS
Zacks Investment Research
Here's How BP is Balancing Fossil Fuels & Renewables for Cleaner Air
Here's How BP is Balancing Fossil Fuels & Renewables for Cleaner Air
Tipranks
BP (BP) Gets a Buy from Scotiabank
Tipranks
RBC Capital Reaffirms Their Buy Rating on BP p.l.c. (BP)
Motley Fool
Shell vs. BP: Better Oil Stock for the Iran War?
Tipranks
Jefferies Keeps Their Hold Rating on BP p.l.c. (BP)
Tipranks
Barclays Keeps Their Buy Rating on BP p.l.c. (BP)
Tipranks
BP Board Ousts Chair Albert Manifold Over Governance Concerns, Names Ian Tyler Interim

Profile

BP has come a long way since the Gulf of Mexico oil spill incident in 2010, which followed the explosion on the British energy giant's Deepwater Horizon rig. To combat its huge litigation expenses that stemmed from the disaster, the company embarked on a massive asset divestment program and relied significantly on debt capital. BP successfully settled all litigation with the relatively insignificant cash outlays remaining. BP has been banking on its strong portfolio of upstream projects. BP is also on track to capitalize on the global economy's transition to lower carbon fuels. The company has been investing in renewable energy business with a plan to ramp up capital spending for non-oil and gas business. In fact, BP has plans of becoming carbon-neutral by 2050. Its reportable segments now are: Oil Production & Operations, Gas & Low Carbon Energy, Customers & Products and Rosneft.It entered a non-binding MOU with'Eni to combine their upstream portfolios into a joint venture in Angola.

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