ET 13:36

Former BP Chairman Embroiled in Dispute Over Luxury Hotel Expenses

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BP’s ousted chairman, Helge Lund, has been drawn into a controversy over stays at 5-star hotels, The Telegraph reported on May 29, 2026. The probe examines whether Lund’s expenses during his tenure breached company policy. The allegations surfaced after Lund’s abrupt departure earlier this year. Internal documents reportedly show multiple bookings at luxury properties across Europe and the Middle East, including the Four Seasons Hotel London at Park Lane, costing thousands of dollars per night. BP’s board, led by acting chairman Amanda Blanc, is reviewing expense claims amid broader efforts to restore investor confidence. The row risks further distracting BP as it navigates a strategic overhaul under CEO Murray Auchincloss, with shares down 6% year-to-date. A BP spokesperson said the company was “investigating the matter thoroughly.”

EditorWong Mei Ling