BP p.l.c. Reveals Leadership Change in Latest Announcement
BP p.l.c. has announced a key leadership change with the appointment of Meg O’Neill as the new chief executive officer (CEO), effective April 1, 2026. The current CEO, Murray Auchincloss, will step down from his role on December 18, 2025, and will serve in an advisory capacity until December 2026 to ensure a seamless transition.
New Leadership at BP p.l.c
Carol Howle, the executive vice president for supply, trading, and shipping, will act as the interim CEO until O’Neill assumes her position. O’Neill brings extensive experience to BP, having served as CEO of Woodside Energy since 2021, where she successfully transformed the firm into the largest energy company on the Australian Securities Exchange.
Background on Meg O’Neill
During her tenure at Woodside, O’Neill led the crucial acquisition of BHP Petroleum International, enhancing the company’s portfolio to include valuable oil and gas assets. Prior to her time at Woodside, she spent 23 years at ExxonMobil, accumulating significant expertise across various technical, operational, and leadership roles globally.
Board Statements
Albert Manifold, Chair of BP, expressed enthusiasm about O’Neill’s appointment, highlighting her impressive record in driving transformation and emphasizing the need for disciplined capital allocation. He assured stakeholders of O’Neill’s capability to lead BP in its pursuit of strategic growth and financial opportunities.
O’Neill remarked on the responsibilities of her new role, stating, “BP plays a critical role in delivering energy to customers worldwide.” She voiced her commitment to improving performance, enhancing safety, and driving innovation while addressing global energy needs.
Murray Auchincloss shared his thoughts on the leadership transition, noting that after over three decades at BP, it was the right time to pass the leadership baton. He expressed confidence in O’Neill’s ability to lead the company towards substantial growth.
Appreciation for Interim CEO
Albert Manifold also expressed gratitude for Carol Howle’s willingness to serve as interim CEO, noting her 25 years of expertise within BP. Her deep understanding of the company will aid in maintaining strategic continuity until O’Neill’s arrival.
The selection of O’Neill followed a meticulous succession planning process, in collaboration with an independent recruitment firm, reinforcing BP’s commitment to long-term strategic leadership development.
No additional information is available as per UK Listing Rule 6.4.8, and this announcement includes inside information regarding BP p.l.c., coordinated by Company Secretary Ben Mathews.
