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BP chairman fired after 8 months amid misconduct claims, shares drop 10%

Market News
26 May 2026
Crypto Briefing
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Bearish
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BP's chairman Albert Manifold was dismissed after less than eight months due to serious misconduct allegations, including bullying and mishandling information. This is the second major leadership scandal at BP in three years, following the 2023 CEO resignation. The news caused BP shares to fall by up to 10%, raising concerns about the company's governance and delaying strategic changes amid activist investor pressure. Uncertainty now surrounds who will lead BP's future direction.

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