BP (NYSE: BP) ousts Chair Albert Manifold, names Ian Tyler interim

Rhea-AI Filing Summary

BP p.l.c. has removed its Chair and Director, Albert Manifold, with immediate effect following serious governance concerns. The Board says it unanimously decided that Manifold should no longer serve after issues were raised related to governance standards, oversight and conduct. Amanda Blanc, Senior Independent Director, acknowledged his contribution to BP’s transformation but described the governance issues as unacceptable.

The Board has appointed Ian Tyler as Interim Chair. Tyler reaffirmed confidence in BP’s strategic direction, its focus on financial discipline, and CEO Meg O’Neill’s leadership, including her move to a clearer upstream/downstream structure. A formal succession process to appoint a permanent Chair will now begin. The announcement is designated as containing inside information and includes a standard forward-looking statements caution under the US PSLRA.

Positive

• None.

Negative

• Forced removal of Chair over governance concerns – The Board unanimously ended Albert Manifold’s tenure as Chair and Director with immediate effect due to issues related to governance standards, oversight and conduct, introducing governance and leadership uncertainty at the board level.

Insights

Corporate governance analyst

BP removes its Chair over governance concerns, creating near‑term board uncertainty.

The Board of BP unanimously removed Albert Manifold as Chair and Director with immediate effect after concerns about governance standards, oversight and conduct. Forced leadership changes at the board level typically signal internal tension around oversight and risk management.

Ian Tyler becomes Interim Chair while a succession process runs, and the Board publicly reaffirms support for the existing strategy and CEO Meg O’Neill. That continuity message may help limit strategic disruption, but investors will likely focus on who is chosen as permanent Chair and how quickly the process concludes.

Key Figures

Form type: Form 6-K Announcement date: 26 May 2026 Role change effective time: Immediate effect

3 metrics

Form type Form 6-K Report of Foreign Issuer for BP p.l.c.

Announcement date 26 May 2026 Date BP reported removal of its Chair

Role change effective time Immediate effect Removal of Chair and appointment of Interim Chair

Key Terms

inside information, safe harbor, Private Securities Litigation Reform Act of 1995, forward-looking statements

4 terms

inside information regulatory

"This announcement contains inside information."

Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.

safe harbor regulatory

"In order to utilize the 'safe harbor' provisions of the United States..."

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

Private Securities Litigation Reform Act of 1995 regulatory

"the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995"

forward-looking statements financial

"This announcement contains certain forward-looking statements - that is, statements related to future..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

26 May, 2026

BP p.l.c.

(Translation of registrant's name into English)

1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual

reports under cover Form 20-F or Form 40-F.

Form 20-F |X| Form 40-F

--------------- ----------------

Indicate by check mark whether the registrant by furnishing the information

contained in this Form is also thereby furnishing the information to the

Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of

1934.

Yes No |X|

--------------- --------------

Exhibit 1.1 bp Chair removed dated 26 May 2026

Exhibit 1.1

bp Chair removed

The Board of BP p.l.c. (LSE and NYSE: bp) ("bp") announces that it has today unanimously decided that Albert Manifold should no longer serve as Chair and Director with immediate effect. This follows serious concerns raised to the Board related to important governance standards, oversight and conduct.

Amanda Blanc, Senior Independent Director at bp, said: "Albert has helped bring a welcome focus and pace to bp's transformation. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action."

The Board has appointed Ian Tyler as Interim Chair with immediate effect.

Ian Tyler, Interim Chair, said: "The Board and leadership team have deep conviction in the strategic direction we have laid out, and the company is moving at pace to deliver it. bp is building a track record of strong underlying operational performance and a tight focus on financial discipline - all in the pursuit of growing shareholder value and returns.

"The Board has been very impressed with Meg O'Neill since she joined as CEO. She has extensive industry and operational experience and real clarity about the direction and opportunity for the business. She has already taken bold action to simplify and strengthen the organization such as announcing the move to a clearly defined upstream/downstream model. Under her leadership we are building a simpler, stronger, more valuable bp."

A succession process for a permanent Chair will be initiated.

-ENDS-

Contacts:

bp press office, London: bppress@bp.com

This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of BP p.l.c., is Michael Sosso, Executive Vice President, Legal.

Cautionary statement:

In order to utilize the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 ‎‎(the 'PSLRA'), bp is providing the following cautionary statement. This announcement contains certain forward-‎looking statements - that is, statements related to future, not past events and circumstances - which may relate to ‎one or more of the financial condition, results of operations and businesses of bp and certain of the plans and ‎objectives of bp with respect to these items. These statements are generally, but not always, identified by the use ‎of words such as 'will', 'expects', 'is expected to', 'aims', 'should', 'may', 'objective', 'is likely to', 'intends', ‎‎'believes', 'anticipates', 'plans', 'we see' or similar expressions. Actual results may differ from those expressed in ‎such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual ‎Report and Form 20-F under "Risk factors" and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, ‎or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BP p.l.c.

(Registrant)

Dated: 26 May 2026

/s/ Ben J. S. Mathews

------------------------

Ben J. S. Mathews

Company Secretary

FAQ

Why was BP (BP) Chair Albert Manifold removed?

BP’s Board unanimously decided Albert Manifold should no longer serve as Chair and Director after serious concerns were raised about governance standards, oversight and conduct. The Board described the resulting governance and conduct issues as unacceptable and acted to remove him with immediate effect.

Who is BP (BP) appointing as Interim Chair?

BP has appointed Ian Tyler as Interim Chair with immediate effect. He emphasised the Board’s continued conviction in BP’s strategic direction, its focus on financial discipline, and support for CEO Meg O’Neill’s efforts to simplify and strengthen the organisation.

What did BP (BP) say about its strategy after the Chair’s removal?

BP’s Interim Chair Ian Tyler stated the Board and leadership team have deep conviction in the company’s strategic direction. He highlighted strong underlying operational performance, financial discipline, and the move to a clearly defined upstream/downstream model under CEO Meg O’Neill.

Will BP (BP) search for a new permanent Chair?

Yes. BP stated that a succession process for a permanent Chair will be initiated following Albert Manifold’s removal. Ian Tyler will serve as Interim Chair while the Board conducts this process to select a long-term Chair to oversee BP’s governance and strategic direction.

Does this BP (BP) announcement contain forward-looking statements?

Yes. BP includes a standard cautionary statement under the US Private Securities Litigation Reform Act of 1995, noting the announcement contains forward-looking statements about financial condition, operations, and plans, and that actual results may differ due to various risk factors described in its Annual Report.