BP Chair Manifold Urges Faster Oil and Gas Strategy Shift

BP Chair Manifold urges faster oil and gas strategy shift

New BP Chair Albert Manifold told employees this week that the group's portfolio was "overly complex" and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen

New BP Chair Manifold Urges Faster Oil and Gas Strategy Shift - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – New BP Chair Albert Manifold told employees on Tuesday that the group’s portfolio was “overly complex” and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters. Manifold took the helm of BP’s board on Tuesday. He succeeded Helge Lund, ...

BP Chair Signals Shift Back to Oil

New BP Chairman Albert Manifold has told employees that the company’s portfolio is “overly complex” and needs to accelerate its strategy of refocusing on oil and gas. Manifold, who assumed his role on Tuesday, succeeds Helge Lund. BP is an integrated energy company, delivering heat, light, and mobility products and services to customers around the world. It explores for, produces, and refines oil, and also has growing renewable energy and biofue…