Story perspectives

BP Shareholders Reject Climate Proposals, Re-elect Chair

4/23/2026

Summary

Story summary

BP's shareholders rejected two board-proposed climate and virtual-meeting resolutions at the April 23 AGM because they fell short of the 75% threshold.
Shareholders re-elected Albert Manifold as chair with 81.8% support, below the near-100% norm.
Proxy advisers Glass Lewis, Institutional Shareholder Services and LGIM urged votes against the proposals, while Norway’s sovereign fund NBIM backed the chair.
BP’s shares have risen more than 33% YTD, outpacing Shell, Exxon Mobil and Chevron.

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Story summary

BP's shareholders rejected two board-proposed climate and virtual-meeting resolutions at the April 23 AGM because they fell short of the 75% threshold.
Shareholders re-elected Albert Manifold as chair with 81.8% support, below the near-100% norm.
Proxy advisers Glass Lewis, Institutional Shareholder Services and LGIM urged votes against the proposals, while Norway’s sovereign fund NBIM backed the chair.
BP’s shares have risen more than 33% YTD, outpacing Shell, Exxon Mobil and Chevron.