#bp

#bp

"BP is much less interested in telling the public about the number of coffees it sells each year and is now focused on how much oil it can extract," Brooks said, poking at former CEO Bernard Looney.

BP's new chairman, Albert Manifold, will initiate a comprehensive review of the company's portfolio to identify areas for cost reduction and improvement in performance.

BP has appointed Albert Manifold as the new chair of the company. Manifold will join the board on September 1 and take over from Helge Lund on October 1.

"We have been clear that while low-carbon energy has a role to play in a simpler, more focused BP, we will continue to rationalize and optimize our portfolio to generate value."

BP's plan involves selling off its onshore wind business and other assets worth $20 billion to streamline operations after their unsuccessful attempt at transitioning to a net-zero energy company.