0921 GMT - BP will hope that Chairman Helge Lund's departure will satisfy frustrated shareholders, AJ Bell investment director Russ Mould writes. BP will particularly want Elliott to be satisfied given the activist investor hasn't been overly impressed with its reset strategy, he says. The British energy company needs a chair with significant credibility across the industry and the market, he writes. In the meantime, Chief Executive Murray Auchincloss remains under significant pressure to improve BP's operational and financial performance, Mould says. Shares fall 2.6% at 389.90 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 05:21 ET (09:21 GMT)
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