Oil giant BP can host online AGM after planned location turns into field hospital for coronavirus patients
Oil company BP plans to hold a virtual annual meeting after the planned site was transformed into a field hospital for coronavirus patients.
BP is said to hold its shareholder meeting at the ExCel Center in East London on May 27, but the government has set up a Nightingale NHS hospital at its Docklands site.
However, city sources said BP was concerned about the practicalities of holding an online AGM – including the risk of environmentalists trying to hack into the meeting to mount a protest against climate change.
The government has set up a Nightingale NHS hospital at the ExCel Center in East London, where BP would hold its annual general meeting on May 27.
Insiders also said it was unclear how the London-based multinational would get permission from its own shareholders to hold a virtual meeting – as the change must be approved by its investors.
Earlier this month, BP said it planned to cut spending by 25 percent as it aims to strengthen its finances and maintain its dividend in the face of the oil price collapse.
BP, one of Britain’s most followed shares by private investors, declined to comment.