BP Chairman’s Ouster Is Corporate Self Sabotage At Its Finest
BP has removed its chairman, Albert Manifold, just months after his appointment and following a strong quarterly profit report. The board cited serious concerns regarding governance and conduct, leading to a nearly 10% drop in shares. This decision raises questions about the company's leadership stability and accountability amidst ongoing strategic shifts.
- ▪BP announced the immediate removal of chairman Albert Manifold due to governance concerns.
- ▪The company's shares fell nearly 10% following the announcement.
- ▪Manifold was appointed to drive a strategic reset after years of misallocated investments.
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Big Tent Ideas BP Chairman’s Ouster Is Corporate Self Sabotage At Its Finest OPINION (Photo by Anna Barclay/Getty Images) David Blackmon David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications. May 27, 2026 11:58 AM ET May 27, 2026 11:58 AM ET David Blackmon David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
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