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

BP will review its portfolio of assets and consider further cost cuts as part of a drive to do better for shareholders, the ...

BP has appointed a successor for chair Helge Lund, who announced plans to step down in April amid growing shareholder pressure. Albert Manifold, the former chief executive of building materials group ...

BP appoints former CRH boss Albert Manifold as new chairman - Mr Manifold will join the oil giant as chairman-elect on September 1 before taking over from Helge Lund as chairman on October 1.

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

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 ...