"Embattled BP made a dramatic CEO change Wednesday as it hired Woodside Energy leader Meg O'Neill as the first-ever woman CEO of a Big Oil giant. O'Neill is a Colorado native and Exxon Mobil veteran who grew Australia's Woodside into a much bigger global natural gas player with expansions into the U.S. She is taking over the British energy behemoth at a time when it has fallen behind the other global oil and gas supermajors"
"Current BP CEO Murray Auchincloss is stepping down immediately on Thursday but will serve in an advisory role through all of 2026, BP announced. Auchincloss was hardly considered the top candidate to lead BP, but the former chief financial officer was thrust into the role in late 2023 when then-CEO Bernard Looney was abruptly forced to resign over relationships with colleagues."
Meg O'Neill, the Woodside Energy leader and Exxon Mobil veteran, will become BP chief executive on April 1, becoming the first woman to lead a Big Oil major. O'Neill expanded Australia's Woodside into a larger global natural gas player with U.S. extensions. Current CEO Murray Auchincloss will step down immediately, serve as an adviser through 2026, and interim CEO Carol Howle will lead until O'Neill assumes the role. Auchincloss had implemented a "hard reset" of cost cuts, stronger fossil-fuel focus, and reduced renewable ambitions after Bernard Looney's 2023 departure. Activist investor Elliott took a near-5% stake and merger speculation with Shell increased.
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