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 ...

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

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

BP increases staff cuts to 6,200 and signals further possible reductions - The group said it was now axing more than the ...

In selling the selection to the City, BP and its advisers have pointed to Manifold's stellar, under-the-radar performance at ...

Chief exec Murray Auchincloss (pictured) is attempting to reverse BP's ill-fated pivot to green energy to close the gap with ...

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.

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 ...