BP denies report some board members favour breakup of oil giant
Chief executive Meg O'Neill appears opposed, sources say; company due to report earnings on Friday
Some BP board members favour breaking up the $129 billion oil giant, according to people familiar with the matter, after years of smaller spinoffs failed to assuage investor pressure for higher returns. No decision has been made, chief executive Meg O'Neill appears opposed, and a BP spokesperson said: "This is categorically false." The company is due to report earnings on Friday.