BP's chief executive Tony Hayward is expected to stand down following widespread criticism of his handling of the Gulf of Mexico oil spill.
Mr Hayward has been widely criticised over the Gulf of Mexico oil spill.
A statement issued by BP said a board meeting was being held on Monday and "no final decision has been made".
But BBC business editor Robert Peston says the board has in effect made up its mind that Mr Hayward is going, even if the decision is not yet ratified.
The firm, which said over the weekend that Mr Hayward had the board's full support, added that "any decisions will be announced as appropriate".
BBC News
