BP's chairman Albert Manifold, who has just been in office for a few months, was abruptly fired. The reason given by the company was that there were serious concerns about “governance standards, supervision, and conduct,” which caused the British oil giant's twists and turns to continue. BP has changed three CEOs in just a few years, and Manifold's predecessor left office in 2025 under pressure from aggressive investor Elliott Investment Management. However, the latest sudden dismissal has raised new questions about BP's operating process. Currently, the company is trying to reverse years of poor performance, rebuild its balance sheet, and focus on its core oil and gas business. In an emailed statement, Manifold countered claims about the reason for his sudden departure from BP, calling it a “misstatement.” He said, “I was fired without warning or explanation. I completely deny the description of my actions, and I will never allow such false claims to proliferate.”

BP's chairman Albert Manifold, who has just been in office for a few months, was abruptly fired. The reason given by the company was that there were serious concerns about “governance standards, supervision, and conduct,” which caused the British oil giant's twists and turns to continue. BP has changed three CEOs in just a few years, and Manifold's predecessor left office in 2025 under pressure from aggressive investor Elliott Investment Management. However, the latest sudden dismissal has raised new questions about BP's operating process. Currently, the company is trying to reverse years of poor performance, rebuild its balance sheet, and focus on its core oil and gas business. In an emailed statement, Manifold countered claims about the reason for his sudden departure from BP, calling it a “misstatement.” He said, “I was fired without warning or explanation. I completely deny the description of my actions, and I will never allow such false claims to proliferate.”