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The Latest Breaking News from Meg ONeill

BP plans to sell shares in flagship carbon projects as it pulls back from green agenda

Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders

The Guardian - UK

UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened

It’s UAExit as the United Arab Emirates will leave Opec on 1 May, in a blow to the group of oil producers

The Guardian - UK

What impact will soaring oil prices have on BP’s earnings?

The FTSE 100 firm said earlier this month it was heading for an ‘exceptional’ oil trading result in the first three months of the year.

Evening Standard

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BP board suffers triple climate rebellion from shareholders

More than 50% of voters at first AGM under new leadership oppose plans to scrap climate reporting

The Guardian - UK

BP is operating in a world of ‘significant complexity’, new boss tells staff

Meg O’Neill’s memo comes as company tries to rebuild strategy amid oil shock of Iran war and after failed green pivot

The Guardian - UK

BP to sell German oil refinery as part of $20bn cost-cutting plan

Energy company plans full return to London by moving global HQ to new development on South Bank

The Guardian - UK

BP’s new boss will take home at least £11.7m this year, more than double her predecessor

Meg O’Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in April

The Guardian - UK

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Net zero could put Woodside in the red in five years

Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.

AAP

Honeymoon period for new BP boss won’t last long

Markets did not like the decision to suspend share buy-backs – and investors will want clarity about what happens next

The Guardian - UK

BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels

Energy company also under pressure from worse oil trading performance and weaker oil prices

The Guardian - UK

BP cautions over ‘weak’ oil trading and reveals up to £3.7bn in write-downs

The oil giant joined FTSE 100 rival Shell, after it also last week cautioned over a weaker performance from oil trading amid lower crude costs.

Evening Standard

BP to sell majority stake in $10bn Castrol business to US investment firm

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debt

The Guardian - UK

BP to sell majority stake in Castrol to Stonepeak for £4bn

New York-based Stonepeak has agreed to buy a 65% stake in Castrol.

Evening Standard

BP's C-suite milestone: Women in both the CEO and CFO seats

Woodside Energy leader Meg O’Neill will join BP as CEO, alongside finance chief Kate Thomson.

Fortune

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The Guardian - AU

Morning Mail: cautious welcome for plan to tackle hate speech, seven detained in Sydney operation, England’s Snicko woe

Albanese government’s five-point plan is an essential ‘first step’, groups say; heavily armed officers swoop on two cars to allegedly prevent ‘violent act’

The Guardian - UK

BP opts for culture shock with new CEO appointment, but the timing is odd

The decision to replace Murray Auchincloss with Woodside’s Meg O’Neill is puzzling on at least two counts

Evening Standard

FTSE 100 and sterling rise after Bank of England rate cut

In a split vote, the Bank’s Monetary Policy Committee voted five to four to reduce interest rates.

The Guardian - UK

Meg O’Neill: ‘hard-nosed’ outsider who will head BP’s pivot away from green energy

First female appointment to a major oil company has faced fierce resistance from climate activists as boss of Woodside

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Evening Standard

BP hires first female boss as chief executive steps down

Murray Auchincloss’s departure after less than two years follows the appointment of Albert Manifold as BP’s new chairman in July.

The Independent UK

BP hires first female boss after surprise departure of chief executive

The abrupt departure of Murray Auchincloss follows the appointment of Albert Manifold as BP’s new chairman

Evening Standard

FTSE 100 Live 18 December: Currys surges after results beat, BP names first female CEO

The Bank of England will today reduce the cost of borrowing by cutting interest rates from 4% to 3.75%.

Evening Standard

Meg O'Neill becomes first female CEO of BP in its 116 year history as Auchincloss steps down

Auchincloss will serve in an advisory role until December 2026 “to ensure a smooth transition.”

The Guardian - AU

Woodside Energy’s Meg O’Neill, who criticised ‘zealous’ young climate activists, moves to BP

O’Neill tapped to lead global oil and gas giant, which has broken from net zero strategy and will ramp up fossil fuels

AAP

Woodside boss quits to become BP's first female chief

The leader of Australia's biggest oil and gas company has resigned to become the first woman to lead oil giant BP in the company's 116-year history.

The Guardian - UK

BP names Meg O’Neill as new CEO after incumbent ousted

O’Neill, who has led Woodside Energy since 2021, will be oil and gas company’s first female chief executive

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