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The Latest Breaking News from British Petroleum

FTSE 100 dips as bonds struggle after Burnham win

The FTSE 100 closed down 36.43 points, 0.4%, at 10,363.27.

Evening Standard

Unusual Put Options Activity in Lam Research Stock Highlights Its Value

Today, there is a high volume of out-of-the-money (OTM) put options activity in Lam Research stock for a longer-dated expiry period. That highlights the underlying value of LRCX stock, which with 27% upside.

Barchart

FTSE 100 struggles despite US-Iran deal progress

The index closed down 41.10 points at 10,430.62.

Evening Standard

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FTSE soars on peace hope as SpaceX IPO blasts off

The FTSE 100 closed up 167.84 points, or 1.6%, at 10,471.72.

Evening Standard

The rightwing campaign to control how US judges view the climate crisis

US energy secretary Chris Wright featured in seminars to judges when he was a fracking executive

The Guardian - US

BP's new CEO Meg O'Neill rips up the energy giant's playbook—and the 'green' era with it

O’Neill, who took over on April 1, is the only woman to serve as CEO of a traditional Big Oil supermajor in Europe or the U.S.

Fortune

FTSE 100 down as Asia-focused financials struggle

Oil prices also fell after US President Donald Trump said negotiations over a peace deal to end the Middle East war were in their final stages.

Evening Standard

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New BP boss overhauls structure to simplify operations

BP said it will be reorganised into two business divisions – upstream and downstream – from the start of July.

Evening Standard

The women running Europe in 2026

Twenty of the leaders celebrated in Fortune’s Most Powerful Women list are from Europe. Their roles reveal where power is concentrated across the continent and what it takes to reach the top of European business.

Fortune

BP says it paid £1.2bn in UK taxes last year amid Government plans to raise more

The energy firm said the total amount of taxes paid in 2025 include £422 million raised from the energy profits levy.

Evening Standard

Energy transport corridors to Europe boosted by AI and new digital systems

AI and new digital technologies are key to the urgently needed alternative energy trade routes through the Southern Gas Corridor and the Middle Corridor systems connecting the Caspian and Europe.

Euronews

The BP drama will fade: boards are allowed to ditch the chair

Rather than a continuation of the company’s recent issues, isn’t this an example of the board doing what it is supposed to do?

The Guardian - UK

BP backs Amanda Blanc to lead search for new chair despite investor concerns

Senior independent director to handle process again after Albert Manifold’s shock departure last week

The Guardian - UK

Ousted BP chair refutes bullying claims in extraordinary statement

IN FULL

The Independent UK

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The Economic Times

Former BP chair Albert Manifold denies wrongdoing after ouster

Albert Manifold, the former BP Chair, has denied misconduct following his dismissal. He acknowledged pushing for changes in costs and efficiency. Manifold stated that he does not accept lies being told about him. He also described the current BP leadership as having integrity. Manifold has reportedly hired a law firm…

The Independent UK

Ousted BP chair says he refused chauffeur-driven limo and made his own coffee as he hits back at ‘lies’

BP heading for legal fight with Albert Manifold who has issued an extraordinary statement insisting he is not a bully

France 24

Macron announces big investments at France's 'electrification team' meeting

French President Emmanuel Macron gave the country's plans to move away from fossil fuels another boost on Tuesday, announcing big private investments, including a €1 billion EV project from Stellantis. Some 200 companies signed onto a national pact to join the government's efforts to double the share of electricity in…

The Guardian - UK

BP boardroom turmoil deepens as ousted chair hits back at ‘lies’ over conduct

Albert Manifold disputes reports about his behaviour and says he always tried to set example

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Evening Standard

Ousted BP chairman says he called out ‘excessive’ spending like limousine travel

Albert Manifold issued a statement in response to reports about his conduct after BP’s board removed him with immediate effect on Tuesday.

Evening Standard

FTSE 100 edges up and oil sinks amid peace optimism

The FTSE 100 closed up 13.62 points, 0.1%, at 10,505.01.

International Business Times UK

Who Is Albert Manifold? BP Boss Fired After Boardroom Bullying Allegations Surface

BP plc has removed its chairman, Albert Manifold, citing serious governance and conduct concerns, including allegations of bullying. The board acted unanimously, appointing Ian Tyler as interim chairman.

Euronews

Egypt marks record year for gas discoveries amid domestic shortage

Egypt’s recent Eni-linked gas finds have lifted hopes of an upstream revival, but analysts say import pressure is unlikely to ease soon.

The Independent UK

Ousted BP chair says he was removed ‘without warning and without explanation’

IN FULL

The Guardian - UK

Fired BP chair disputes oil company’s claims of poor conduct

Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’

Fortune

Inside Citi CEO Jane Fraser’s 5-year grind to restore the bank's credibility

Also: All the news and watercooler chat from Fortune.

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