22 October 2026
Response to Voting Results at 2026 Annual General Meeting
In accordance with Provision 4 of the UK Corporate Governance Code ('Code'), BP p.l.c. ('bp') is providing an update to the statement made on 23 April 2026 regarding the voting at its Annual General Meeting held on 23 April 2026 ('AGM').
The board acknowledges that the voting outcomes reflected meaningful shareholder concerns, including in relation to governance, transparency and shareholder engagement.
Resolution 22 relating to the Adoption of new Articles of Association received 47.12% of votes cast and was rejected. Feedback indicated that shareholders wanted to retain the model of an in-person or hybrid AGM.
Resolution 23 relating to the Revocation of resolution 25 (2015) and resolution 22 (2019) received 47.47% of votes cast and was rejected. Feedback from shareholders indicated that not enough information or engagement about this resolution was provided to enable shareholders to make an informed choice, for example bp was not clear enough about where similar disclosures could be found in other bp documents.
Resolution 24, a shareholder-requisitioned resolution from the Australasian Center for Corporate Responsibility, which was not supported by the board, received 25.85% of the vote. We heard clear expectations for bp to demonstrate greater discipline and accountability in executing the strategy.
Finally, in relation to the shareholder-requisitioned resolution from Follow This which was not put to shareholders, feedback from shareholders indicated that the company could have engaged more effectively with Follow This to enable its proposed resolution to conform to requirements and be put to shareholders.
bp has undertaken extensive engagement following the introduction of our new CEO and Chair. We take these concerns seriously and recognize that we must do more to demonstrate that we are listening to shareholders and responding appropriately to their views.
bp would like to thank all shareholders and other stakeholders who have taken the time to engage on these matters. In line with the Code, a final summary on how the feedback has informed the Board's decisions will be provided in the 2026 Annual Report and Accounts.
Contacts
bp press office, London: bppress@bp.com
Cautionary Statement
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This announcement contains certain forecasts, projections and other forward-looking statements – that is, statements related to future, not past, events and circumstances which may relate to one or more of the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under ‘Risk factors’.
Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.
