BP’s Chairman Gets More Support as He Faces Shareholder Backlash

BP Plc’s new Chairman Albert Manifold will have the votes of at least three of the company’s top shareholders this week, as he faces opposition to his election in a key moment for the energy giant.

Norway’s $2.2 trillion sovereign wealth fund has said it will support Manifold along with a slate of other management-backed proposals at an annual general meeting on Thursday. Two other major shareholders will also vote for Manifold, people with direct knowledge of the plans said, asking not to be identified discussing private deliberations.