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Viewsroom

BP chairman debacle will cast a long shadow

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 4 June 2026

⏱️ 19 minutes

🧾️ Download transcript

Summary

The $113 bln oil major is reeling after it parted company with the leader of its board, Albert Manifold. In this Viewsroom podcast, Breakingviews columnists discuss the company’s governance missteps, and why the latest drama makes it vulnerable to a takeover. Breakingviews: BP chair requires low testosterone, iron backbone Breakingviews: BP permacrisis overshadows strategic success Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Rojers' News.

0:09.0

Welcome back. It seems that death, taxes, and a crisis at BP, the UK oil major, are the constants of life.

0:19.6

Recently, it seemed that BP had sort of put that behind it. After

0:23.3

years marked by deep internal struggles about the future of fossil fuels, the company

0:28.7

elected Albert Manifold as chair. The idea was that the $110 billion company could

0:35.4

just get on with the business of extracting oil. But his sudden

0:40.3

ejection after just eight months has thrown the company into a fresh scandal. And it comes as CEO

0:47.3

Meg O'Neill, the fifth boss since 2007, tries to write the ship that is in a particularly chaotic sea amid the crisis in Iran.

0:57.7

Why this keeps happening and what this means for the oil industry more generally is the focus

1:02.9

of this week's viewsroom. I'm Amy Donlon. And I'm Jonathan Guilford. And this is the

1:09.5

Viewroom, your weekly dive into the biggest topics in politics, economics,

1:12.9

and finance.

1:13.9

And Amy, it's hard, like you say, not to instinctively associate BP with some kind of disaster.

1:18.9

I'm sure you and I were about the same age, kind of a formative memory for us back in 2010.

1:23.5

The BP Deepwater Horizon explosion, which was this colossal scandal.

1:28.3

It cost one CEO, his job, one of the many we've had over the last two decades.

1:33.9

Tony, Tony Haywards, what was it his favorite famous quote?

1:36.6

I just want to get my life back.

1:38.4

Yes, yes, indeed.

1:40.7

And unfortunately, for BP CEO's regular life is not particularly on the menu.

1:47.2

And it's just like in recent years, it's funny because there have been all of these

1:51.3

particularly spectacular catastrophes that have befallen BP as a company.

...

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