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BP announced a reorganization into two business segments on Tuesday, naming leaders for each as it moves to simplify operations and accelerate decision-making under new CEO Meg O'Neill. Starting July ...

BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.” The departure was abrupt and unexpected, with Albert Manifold having ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

Oil giant BP has suffered a sharp fall in its share price following the shock announcement that its chairman had been removed by the company's board. BP said Albert Manifold had left with "immediate ...

BP abruptly removed Chairman Albert Manifold on Tuesday, citing "serious concerns" tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant.

BP has ousted Chair Albert Manifold with immediate effect, it said ‌Tuesday, citing governance standards, oversight and conduct issues, just under eight months after he took office to help oversee a ...

BP announced on Tuesday the removal of chair Albert Manifold, citing concerns about “oversight and conduct” just eight months into Manifold’s tenure in the latest instance of leadership turmoil for ...

BP said Tuesday it had dismissed its chairman Albert Manifold after less than a year in the role, citing “serious concerns” about “governance standards, oversight and conduct.” The surprise ouster ...

LONDON, April 23 (Reuters) - BP's (BP.L), opens new tab new Chief Executive and Chair failed to get shareholder backing for two board-proposed resolutions at their ‌first public outing at Thursday's ...

BP is, for better or worse, one of the most recognizable of the so-called oil and gas supermajors, alongside corporations such as Shell and Exxon Mobil — due in part to the infamous Deepwater Horizon ...

In an online union negotiations announcement, BP said it presented a “last, best and final offer” at 9 a.m. Monday. The offer comes “after nearly 60 formal meetings and hundreds of hours of exchanges ...