BP removed its chairman, Albert Manifold, citing unacceptable concerns about governance oversight and conduct. An interim chair, Ian tyler, was appointed immediatly, and BP said it is now searching for a new chair.<\/p>\n

Manifold had been appointed late last year and came from outside the oil industry, previously leading Dublin-based building materials company CRH. His tenure was quickly met with investor pushback, including votes against resolutions related to climate reporting and holding annual meetings fully online.Advisors such as Glass Lewis also urged investors to reject him, arguing BP effectively refused to consider a proposal from climate activists and pension funds.<\/p>\n

The article also notes recent turbulence at BP\u2019s top leadership, including the resignation of former CEO Bernard Looney in 2023 and his later successor, Murray Auchincloss, stepping down.It further highlights BP\u2019s financial pressure, with 2025 earnings dropping and net income sharply falling, alongside earlier reports of potential talks involving Shell.<\/p>\n

BP is based in London and is described as one of the world\u2019s largest oil companies<\/a> by revenue and profit. <\/p>\n