Summary
BP has named Meg O'Neill as its new chief executive, marking the first time a woman will lead a major global oil company. She will officially start on April 1, while Carol Howle takes on the interim role. O'Neill previously led Australian energy company Woodside Energy and will focus on growing BP's market position and sustainability efforts.
Key Facts
- Meg O'Neill will become BP's chief executive on April 1.
- She will be the first woman to lead a major global oil company.
- O'Neill previously worked as the head of Woodside Energy in Australia.
- BP's current chief, Murray Auchincloss, will step down after less than two years.
- Carol Howle will serve as interim chief executive until O'Neill starts.
- O'Neill aims to restore BP's market leadership and improve sustainability.
- BP's former chief Bernard Looney was dismissed due to nondisclosure of personal relationships.
- BP and other companies are scaling back renewable energy investments, focusing more on oil and gas production.
