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4. BP p.l.c. (NYSE:BP)

On April 23, 2026, Reuters reported that BP p.l.c. (NYSE:BP) shareholders turned down two board-proposed resolutions during the company’s annual general meeting, which marked the first major test for the new leadership. Chair Albert Manifold said investors did not vote sufficiently to approve measures permitting virtual AGMs and abolishing prior climate disclosure obligations. Manifold informed investors that, while the firm received solid support for its strategic path, the two special resolutions fell short of a simple majority. The initial results showed Manifold gaining 81.8% support, which was lower than the customary percentages of around 100% acceptance.

Glass Lewis and ISS, as well as BP p.l.c. (NYSE:BP) shareholder LGIM opposed key measures, expressing fears about governance and climate. Glass Lewis advised voting against Manifold, linking him to the rejection of a Follow This resolution on energy transition disclosures. CEO Meg O’Neill pointed out the importance of strengthening the balance sheet and investing with discipline as the firm reshapes its portfolio toward oil and gas.

BP p.l.c. (NYSE:BP) is an integrated oil and gas corporation that provides carbon products and services. It operates in three segments: gas and low-carbon energy, oil production and operations, and customers/products.