{"id":49661,"date":"2026-05-27T04:46:14","date_gmt":"2026-05-27T04:46:14","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/49661\/"},"modified":"2026-05-27T04:46:14","modified_gmt":"2026-05-27T04:46:14","slug":"crude-language-is-the-least-of-bps-manifold-problems","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/49661\/","title":{"rendered":"Crude language is the least of BP\u2019s Manifold problems"},"content":{"rendered":"<p>\t\t\tWednesday 27 May 2026 5:00 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tTuesday 26 May 2026 5:58 pm\n\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/BPs-former-chair-Albert-Manifold.jpg\" class=\"media \" alt=\"Albert Manifold, former chair of BP, in a business suit at a corporate event, representing leadership transition news.\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tManifold served less than a year as chair of BP\t<\/p>\n<p>Yesterday saw the <a href=\"https:\/\/www.cityam.com\/bp-chair-ousted-after-less-than-year\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">ousting of BP chair<\/a> Albert Manifold after less than one year in the role. According to various media reports, Manifold was \u201cshouty\u201d and \u201caggressive\u201d, with a \u201cvolcanic temper\u201d.<\/p>\n<p>But try as it might to escape crude language, BP\u2019s board may soon suffer similar missives from its shareholders after another c-suite scandal left the company\u2019s stock in the doldrums, shedding \u00a34bn from its market cap in minutes.<\/p>\n<p>Execs at the top of BP seem to have an even shorter tenure than recent prime ministers, and that\u2019s saying something. The oil major is now on its fourth chief executive since the beginning of 2020.<\/p>\n<p>The second of the two, Brendan Looney, was thrown out in 2023 over undisclosed \u201crelationships\u201d with colleagues. His successor, Murray Auchinchloss, who was equally familiar with office friendships, survived for little more than a year, though he was sacked for different reasons.<\/p>\n<p>While by most accounts the latest chief, Meg O\u2019Neill, is settling in well, it\u2019s instead the turn of the chairman, Manifold, to face defenestration after taking up his role only months ago. Known as a no-nonsense boss when he ran construction materials firm CRH, the Irish exec\u2019s tone was a little too curt for some.<\/p>\n<p>\t\tShareholder unease<\/p>\n<p>\u201cHis impact was necessarily limited by the short period of time being in the role,\u201d as one City analyst put it yesterday in one of the more brutal corporate obituaries we\u2019ve seen.<\/p>\n<p>The mess comes just weeks after <a href=\"https:\/\/www.cityam.com\/bp-suffers-shareholder-revolt-over-climate-u-turn-at-crunch-agm\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">BP suffered a rare double defeat<\/a> on resolutions it put forward at its AGM, one on scrapping in-person shareholder meetings, and another on watering down its climate reporting requirements. Manifold himself did not escape scrutiny with a fifth of investors voting against his re-election as chair.<\/p>\n<p>The energy giant finds itself caught between investors who want it to double down on oil while the going\u2019s good and those adamant that it should take a longer-term view on energy sources.<\/p>\n<p>Its shares have seriously underperformed that of rival Shell over the past five years, which at one point was rumoured to be weighing snapping it up on the cheap. Though the stock began to gather momentum earlier this year, with Manifold\u2019s turnaround efforts thought to have shown early positive signs.<\/p>\n<p>Aside from strengthening its hiring due diligence practices, what the company desperately needs is a chairman who can square the circle and set a clear vision that unites shareholders across the spectrum. Manifold gave it a good go, but clearly the board wants someone to do it in gentler tones.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/bp-chair-ousted-after-less-than-year\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">BP chair ousted over \u2018volcanic\u2019 behaviour after less than a year<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Wednesday 27 May 2026 5:00 am \u00a0|\u00a0\u00a0Updated:\u00a0 Tuesday 26 May 2026 5:58 pm Manifold served less than a&hellip;\n","protected":false},"author":2,"featured_media":49662,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21198],"tags":[67,6704,633,4262,24936,234,320,321,18,225,189,1150],"class_list":["post-49661","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bp","tag-bp","tag-bp-plc","tag-business","tag-ceo","tag-ceo-change","tag-energy","tag-ftse-100","tag-london-stock-exchange","tag-news","tag-oil","tag-oil-and-gas","tag-shell"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116644726888755027","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/49661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=49661"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/49661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/49662"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=49661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=49661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=49661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}