BP names Meg O'Neill CEO
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Meg O’Neill of Australia’s Woodside Energy will lead the British energy giant, replacing Murray Auchincloss, who will exit after less than two years in the role.
BP named the American former Exxon Mobil executive as its new boss in an unexpected management shake-up Wednesday. She is set to take the helm of a storied yet often troubled energy producer that is aiming to reinvigorate its fossil-fuel business after an ill-timed turn toward renewable energy.
BP on Thursday made an abrupt shift in leadership, as CEO Murray Auchinloss is stepping down immediately after less than two years on the job.
Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons,
While BP is a solid oil stock, I'd buy shares of ExxonMobil ( XOM 0.74%) before I'd add BP to my portfolio. Here's why.
Ousted BP boss Murray Auchincloss clashed repeatedly with chair Albert Manifold in the weeks leading up to his abrupt departure, with the pair at loggerheads over whether to change strategy for the third time in as many years.