🔴 BP is trading 5% down today after Chairman Albert Manifold is ousted over governance concerns

BP is trading 5% down at $42.16 following the abrupt removal of Chairman Albert Manifold by the board over serious governance and conduct concerns.

• The sudden leadership change has triggered significant questions regarding oversight and internal stability at the company.
• Shares are underperforming the broader equity markets as investors reassess governance risks despite a generally positive day for global stocks.