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Live Updates  >  Live Update Details

2026-05-26 19:51:59

[BP Chairman Resigns Immediately Due to Governance Issues] (1) BP announced that its chairman, Albert Manneford, will resign immediately after the board received feedback regarding issues with governance standards, oversight, and personal conduct. (2) Manneford assumed the position last October. The board deemed his governance oversight and conduct "unacceptable" and unanimously decided that he should not continue as chairman. (3) Ian Taylor will temporarily assume the position. As a result, BP's share price once plummeted by 9.3%, potentially marking its largest single-day drop since March 2020.

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