BP named outsider Albert Manifold, the former boss of building materials producer CRH , as its new chairman on Monday, as it grapples with a major strategy reversal in an attempt to turn around a weak ...

The appointment comes as the energy major slashes green spending and pivots back to oil amid pressure from investors.

BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to ...

Lund is expected to step down in 2026. BP said the succession process will be led by Amanda Blanc in her capacity as senior independent director. Shares of BP traded 2.2% lower on Friday morning.

BP Plc will embark on fresh reviews of its portfolio and costs as the oil major works to reverse years of underperformance, ...

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP ...

British oil major BP on Friday said its chair Helge Lund will step down, likely in 2026, kickstarting a succession process. BP CEO Murray Auchincloss, who took the helm on a permanent basis in ...