Big New BP Shareholder Adds to Stock Despite Boardroom Chaos

A large new investor in BP Plc topped up its holding after the shock firing of the oil major’s chairman last week, betting that the boardroom drama won’t derail the company’s strategic approach.

GQG Partners LLC says it took a stake of more than 290 million shares valued at about $2.4 billion in BP in the first quarter. The firm, which had about $162 billion under management at the end of March, added to that over the past week, according to portfolio manager Brian Kersmanc. The holding makes GQG a top-10 investor, according to data compiled by Bloomberg, alongside ...