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LONDON - BP p.l.c. (LSE:NYSE:BP) announced Monday that 24.28% of shareholders voted against Resolution 3 at its Annual General Meeting held on April 17, 2025, according to a company statement.
The oil major has engaged with investors to understand the reasons behind the voting outcome, in accordance with Provision 4 of the UK Corporate Governance Code. Despite the opposition, the majority of shareholders supported the Board’s recommendation to approve the resolution.
The engagement with shareholders has informed the chair succession process, which was led by Dame Amanda Blanc on behalf of the board. This process was initiated after Helge Lund informed the board on April 4 of his intention to step down as chair.
BP announced earlier today that Albert Manifold has been appointed as the new chair of the company.
The company stated it will provide a final summary on how shareholder feedback has influenced the board’s decisions in its 2025 Annual Report and Accounts.
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