BP has abruptly ousted its chairman Albert Manifold over governance issues. - Manifold was appointed in October and served less than a year.
- Ian Tyler named interim chair; permanent search underway. - BP's 2025 earnings fell 16% to $7.49 billion amid oil price drops.
- The company abandoned renewable energy shift and saw CEO change in December. The London-based oil supermajor continues to face challenges from the 2010 Deepwater Horizon disaster and market pressures.