Story perspectives

BP Ousts Chair Manifold, Shares Drop 9%

5/27/2026

Summary

BP Ousts Chair

BP removed Albert Manifold, chair, on 26 May 2026, citing conduct concerns.
The board voted to dismiss Manifold, who had been appointed chair in July 2025, after 18% of shareholders opposed him at April 2026 AGM.
Ian Tyler, Group chair and BP director since April 2025, became interim chair.
BP shares fell up to 9% after the announcement, stabilising at a 4% loss, while 2025 earnings dropped 16% to $7.49 billion.

Summary

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BP Ousts Chair

BP removed Albert Manifold, chair, on 26 May 2026, citing conduct concerns.
The board voted to dismiss Manifold, who had been appointed chair in July 2025, after 18% of shareholders opposed him at April 2026 AGM.
Ian Tyler, Group chair and BP director since April 2025, became interim chair.
BP shares fell up to 9% after the announcement, stabilising at a 4% loss, while 2025 earnings dropped 16% to $7.49 billion.

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