May 26, 2026 09:58

Views: 1

BP Ousts Chairman Albert Manifold Over Governance Concerns

London, business, governance, oil, Tulare County, Money

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.

This story was originally reported by mendocinobeacon. Read the original article here.

Summarized by CaliforniaToday AI.

Tags

LondonbusinessgovernanceoilTulare CountyMoney
CALIFORNIA WEATHER

News feed

3 June 2026 / 17:28

Paso Robles Prepares for 250th Fourth of July
Paso Robles is preparing for its 2026 Fourth of July celebration, which coincides with the nation's ...
3 June 2026 / 17:18

Golden mussels found on boat at Lake Tahoe inspection
Golden mussels were found on a boat at Lake Tahoe's Meyers inspection station, marking the second in...
3 June 2026 / 17:12

Senate Votes on Immigration Funding After Trump Fund Dropped
The Senate begins voting on immigration enforcement funding after the Trump administration drops a c...
3 June 2026 / 17:08

England's Tuchel Faces World Cup Test
Thomas Tuchel's appointment as England manager sparked debate due to his German nationality, but his...
3 June 2026 / 17:05

Trump acknowledges Iranian hardliners could jeopardize nuclear deal
Former President Donald Trump has acknowledged that hardliners within Iran's government could jeopar...
3 June 2026 / 16:55

Former Lieutenant Granted $1.5 Million Bail in Esparto Fireworks Explosion That Killed Seven
A Yolo County judge granted $1.5 million bail to former Sheriff's Lieutenant Samuel Machado, owner o...
3 June 2026 / 16:55

Man pleads not guilty to murder of pregnant ex-girlfriend in Bay Park
A man pleaded not guilty to murdering his pregnant ex-girlfriend in Bay Park. The victim was lured o...
3 June 2026 / 16:54

San Clemente Couple Arrested with Ketamine and Cash
A San Clemente couple was arrested in Simi Valley after police found two kilograms of ketamine and $...
3 June 2026 / 16:50

UK orders Google to let news sites opt out of AI scraping
The UK's Competition and Markets Authority has ordered Google to allow news publishers to opt out of...
3 June 2026 / 16:48

Woodside Council Approves Contested Housing Project
The Woodside Town Council approved a multigenerational housing project at 10 Still Creek Road after ...