Tag

Bp Plc

All articles tagged with #bp plc

business1 day ago•6 min saved

Meg O’Neill Takes the Wheel at BP Amid Boardroom Turmoil

BP appointed Meg O’Neill, formerly Woodside Energy chief and long‑time ExxonMobil executive, to steady the group after leadership upheaval that saw chair Albert Manifold ousted amid bullying claims; colleagues describe her as calm, direct and relentlessly results‑driven, and she has begun reshaping BP back toward oil and gas while facing investor pressure to reduce debt and capitalise on high prices during what the IEA calls the worst energy crisis in history.

via Financial Times|

#bp-plc #business #energy-sector

business2 days ago•5 min saved

BP chair ousted after governance concerns and alleged bullying

BP has removed its former chair Albert Manifold amid governance concerns and allegations of bullying; the board cited unacceptable conduct, while Manifold denied wrongdoing and said leadership lacked strategic cohesion and urgency. He reportedly clashed with company secretary Ben Mathews over costs, and Mathews has taken time off as BP undergoes leadership upheaval following Helge Lund’s departure and other top‑level changes. Interim chair Ian Tyler defended the decision, Manifold had helped appoint Meg O’Neill, and BP has since refocused on oil and gas after an energy-transition pivot. More than 18% of investors voted against his election at the AGM.

via Financial Times|

#board-changes #bp-plc #business

business4 days ago•6 min saved

BP ousts chair over bullying claims as leadership reshapes the board

BP has removed chair Albert Manifold with immediate effect after 'serious concerns' about his conduct, including allegations of bullying and whistleblower complaints; Meg O'Neill has begun reshaping the leadership, with interim chair Ian Tyler taking over as the company starts a process to appoint a permanent chair as shares fell about 4%.

via Financial Times|

#albert-manifold #bp-plc #business

finance1 year ago•5 min saved

Top Dividend Stocks and ETFs for a Profitable 2025 Portfolio

The article discusses top dividend stock picks for 2025, highlighting Rithm Capital (RITM) and BP PLC (BP) as strong contenders due to their high yields and strategic positions in mortgage servicing rights and energy, respectively. RITM benefits from high mortgage rates, while BP is recovering from past dividend cuts and is undervalued compared to peers. Additionally, CF Industries is poised for growth due to expected increases in grain prices, making it a promising investment in the agriculture sector.

via Forbes|

#bp-plc #cf-industries #dividend-stocks