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Wall Street Lunch: BP Slips After Ousting Chairman Albert Manifold Over Governance Concerns
BP (BP) ousted Chairman Albert Manifold over serious governance and conduct concerns, appointing Ian Tyler as interim chair. BofA raised Apple's (AAPL) price target to $380, citing AI assistant potential as a major driver of future leverage.
BP ousts chairman over ‘serious' governance concerns as shares tumble
BP shares fell after the company ousted Chairman Albert Manifold over governance and conduct concerns, adding to years of executive upheaval.
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CVX, XOM, BP, SHEL and CNQ offer high dividend yields, strong growth outlooks and rising earnings estimates amid market volatility.
BP Removes Chairman Manifold Over ‘Oversight And Conduct Issues'
Manifold was appointed to BP's board in October 2025 as part of a broader effort for the company to regain investor confidence. He opened his short tenure by reportedly asking employees to act with “urgency” to cut costs, sell assets and improve profits, as well as boosting investments in fossil fuels after a failed bet on renewable energy.
BP Shares Slump After Its Board Removes Chairman Albert Manifold
Shares in BP (LON: BP) slumped on Tuesday after the energy giant announced its board had removed chairman Albert Manifold in a shock move.
BP abruptly removes chair Manifold due to 'oversight and conduct issues'
BP PLC (LSE:BP.) shares fell 6.2% to 525.6p after chairman Albert Manifold was abruptly removed after the board said it uncovered "governance oversight and conduct issues".
BP removes chairman Albert Manifold, citing 'oversight and conduct' issues
London-listed shares of BP were last seen down 9% on the news. In this article BP
Is Trending Stock BP p.l.c. (BP) a Buy Now?
BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Are Oils-Energy Stocks Lagging BP (BP) This Year?
Here is how BP (BP) and Chord Energy Corporation (CHRD) have performed compared to their sector so far this year.
BP fails to reach deal with union as Indiana refinery lockout drags on
BP and union leaders resumed labor contract negotiations for workers at the Whiting, Indiana, oil refinery on Monday with no agreement yet, as a lockout entered its third month this week.
The US Now Ships Oil to Australia as the Strait of Hormuz Crisis Escalates
WTI has spiked from the mid-$60s in late February to $114.58 on April 7, 2026, hovering near $95 as of May 8 as markets price in supply risk tied to the Strait of Hormuz.
How High Oil Prices are Supporting BP's Energy Operations
WTI above $100 and 14 new discoveries, including giant Bumerangue, strengthen BP???s upstream outlook as EIA forecasts higher crude prices this year.
