Bp's Executive Churn Adds to Upheaval and Uncertainty

Dow Jones07-01

0940 GMT - BP shareholders and potential investors will need to decide whether sitting through continued upheaval and uncertainty is worth it, RBC Capital Markets analyst Biraj Borkhataria writes after another senior executive intends to leave. Deputy CEO Carol Howle's planned departure adds to the list of changes at the top of the British energy major, he adds. BP's deleveraging story was clear and powerful when oil was priced above $90 a barrel, he adds. This helped distract from broader uncertainty and changes across the business, he says. These becomes a little tougher to ignore with oil prices at $73 a barrel, he says. BP's shares fall 1.8% to 458.45 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 05:41 ET (09:41 GMT)

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This helped distract from broader uncertainty and changes across the business, he says. These becomes a little tougher to ignore with oil prices at $73 a barrel, he says. BP's shares fall 1.8% to 458.45 pence. 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