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.
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 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".
London-listed shares of BP were last seen down 9% on the news. In this article BP
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.
Here is how BP (BP) and Chord Energy Corporation (CHRD) have performed compared to their sector so far this year.
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.
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.
WTI above $100 and 14 new discoveries, including giant Bumerangue, strengthen BP???s upstream outlook as EIA forecasts higher crude prices this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BP trades at 3.27x EV/EBITDA vs. peers as WTI tops $100; 14 discoveries and debt cuts could boost cash flow.
HTHT, BP and FIVE made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 13th, 2026.