Albert Manifold Plotted BP Boardroom Cull Before Sacking
Albert Manifold reportedly planned a significant reduction in the BP boardroom before his own dismissal from the company.
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Albert Manifold reportedly planned a significant reduction in the BP boardroom before his own dismissal from the company.

The ousted BP chairman, Albert Manifold, has publicly rejected claims about his behavior, calling them 'lies' and a 'false narrative'. He stated that no concerns were raised about his conduct during his tenure and highlighted his efforts to curb excessive spending.
Bloomberg's 'The Pulse' on May 27, 2026, features discussions on trillion-dollar valuations and the ongoing boardroom drama at BP.
Institutional Shareholder Services (ISS) has advised shareholders to vote against BP's board proposal to scrap certain climate reporting requirements. The recommendation underscores ongoing pressure for corporate climate transparency.

British oil giant British Petroleum (BP) has replaced its CEO, Albert Manifold, following a unanimous decision by the company's board of directors, marking another turbulent period for the firm.

Albert Manifold, the former chairman of BP, has publicly disputed the company's characterization of his dismissal. He claims the narrative surrounding his ousting is false.

BP's board faced a significant defeat as shareholders rejected key climate resolutions, signaling investor dissatisfaction with the oil giant's climate strategy. This outcome highlights growing pressure on energy companies to accelerate their transition to greener practices.

The Financial Times reports that BP's board made an unwise decision by appointing a dominant executive, Manifold, as chair, suggesting it was an unnecessary gamble.
BP's boardroom is reportedly grappling with a bullying problem, having replaced two chief executives and two chairs in the past three years, including the recent ousting of Albert Manifold.
A prominent UK pension fund body has become the latest to express dissent against resolutions supported by BP's board, specifically targeting the company's Chair.