A six-day rally in European stocks stalled on Tuesday, as Brent crude rebounded on reports of fresh clashes between Iranian and US forces in the Hormuz Strait.
BP Plc has agreed to dilute its stake in the A$48.7 billion Browse natural gas project by selling 5% to South Korea’s GS Energy Corp.
The Shell Plc company logo on a forecourt canopy at a petrol station in Brentwood, UK, on Thursday, Feb. 2, 2023. Shell posted a fourth-quarter profit that was well ahead of expectations as its natural gas business thrived, lifting the oil major to a record performance in 2022 fueled by soaring energy prices. Photographer: Chris Ratcliffe/Bloomberg
BP Plc unexpectedly fired Chairman Albert Manifold just months into the job due to serious concerns about “governance standards, oversight and conduct,” prolonging a period of turmoil at the UK oil major.
Albert Manifold Photographer: Chris Ratcliffe/Bloomberg
Former BP Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change. BP fired Manifold on Tuesday after eight months on the job, citing “serious concerns” related to “governance standards, oversight and conduct.” Bloomberg's Mitchell Ferman has more. (Source: Bloomberg)
When Albert Manifold was hired as chairman of BP Plc, he joked to friends the company needed a “gurrier” — Irish slang for a savvy and scrappy streetfighter — to help turn its fortunes around.
Albert Manifold Photographer: Chris Ratcliffe/Bloomberg
New BP Plc Chief Executive Officer Meg O’Neill reorganized the energy giant’s leadership and reporting structures in an overhaul that cements the company’s focus on oil and gas as it tries to move beyond recent boardroom drama.
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