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

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

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

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 ...

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 ...