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 will review its portfolio of assets and consider further cost cuts as part of a drive to do better for shareholders, the ...

BP chairp Helge Lund to step down, board begins search for successor Apr. 04, 2025 3:18 AM ET BP p.l.c. (BP) Stock By: Manshi Mamtora, CFA 1 Comment Play (1min) jetcityimage ...

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

The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 ...

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

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 ...

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 ...