BP Replaces CEO Murray Auchincloss Immediately, Poaching Woodside Energy Chief Meg O'Neill to Lead 'Embattled' Major
Summary
BP PLC announced a major leadership overhaul, confirming that CEO Murray Auchincloss is stepping down immediately on Thursday. The company has appointed Meg O'Neill, the current chief executive of Woodside Energy Group Ltd, as his successor. Crucially, Auchincloss will maintain an advisory role for BP through all of 2026, ensuring a structured transition as the energy giant navigates ongoing challenges. O'Neill's appointment marks a significant external hire for the London-listed firm.
BP announced the immediate resignation of CEO Murray Auchincloss on Thursday. The outgoing chief will serve in an advisory role through 2026 to ensure stability. This major leadership change signals a strategic pivot for the embattled energy giant.
Key Takeaways
- CEO Murray Auchincloss stepped down immediately on Thursday.
- He will maintain an advisory role for BP through all of 2026.
- BP poached Meg O'Neill, who resigned from Woodside Energy Group.
Sentiment: Neutral
The immediate CEO change introduces uncertainty, but the advisory role mitigates transition risk.
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