BP's new boardroom drama add yet more uncertainty - broker

Citi said BP's latest boardroom shake-up adds another layer of uncertainty to the investment case, creating a mild governance overhang for the stock. The bank noted valuation may still provide a floor for investors willing to look through the turbulence, tempering the negative read-through.

Analysis

Citi said BP's latest boardroom shake-up adds another layer of uncertainty to the investment case, creating a mild governance overhang for the stock. The bank noted valuation may still provide a floor for investors willing to look through the turbulence, tempering the negative read-through.