- BP abruptly removed chairman Albert Manifold over "serious" governance concerns — he’d been in the role for under a year and faced about 18% shareholder opposition.
- Shares slid ~6% even as BP reported a jump in profits to $3.2bn, driven by stronger oil prices and an “exceptional” trading performance since the Iran war.
- Ian Tyler is interim chair as the company searches for a permanent replacement, with the board expressing strong support for CEO Meg O’Neill and her recent restructuring moves.
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