Overview
- BP’s board appointed Woodside Energy chief Meg O’Neill as the company’s next CEO, with British media reporting she will take the helm in April 2026.
- Murray Auchincloss left the top job with immediate effect and will remain as an adviser through December 2026.
- Albert Manifold said the company requires more rigor and diligence to deliver transformative change and maximize shareholder value.
- Coverage notes O’Neill would be the first woman to lead a global oil major if the reported start date proceeds as planned.
- O’Neill brings more than two decades at ExxonMobil and leadership of Woodside, as BP seeks to reverse years of underperformance versus ExxonMobil and Shell under pressure from activist investor Elliott Investment.