BP · BP p.l.c.

BP p.l.c. held its Annual General Meeting on 23 April 2026, revealing significant shareholder dissent on key governance proposals. While standard business resolutions, including the Annual Report and Accounts (98.20% approval) and auditor reappointment (99.76% approval), passed comfortably, two special resolutions proposed by the Board were rejected. Resolution 22, regarding new Articles of Association, failed with 52.88% voting against, and Resolution 23, concerning the revocation of previous resolutions, failed with 52.53% against. The Board acknowledged the level of votes against these resolutions and stated an intention to understand the reasons and provide an update within six months. A shareholder resolution sponsored by the Australasian Centre for Corporate Responsibility (Resolution 24) was decisively rejected with 74.15% voting against. In terms of board composition, all directors were elected, though the election of Albert Manifold saw notable opposition with only 81.77% support, significantly lower than other directors who generally received over 90% support. The authorization for share buybacks (Resolution 20) received overwhelming approval at 99.52%.