BP named outsider Albert Manifold, the former boss of building materials producer CRH , as its new chairman on Monday, as it ...

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

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP ...

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

Albert Manifold, the former chief executive of building materials company CRH, will join the BP board in September and take over as chairman in October.

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.

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...