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18.12.25 - 19:12
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BP opts for culture shock with new CEO appointment, but the timing is odd (The Guardian)
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The decision to replace Murray Auchincloss with Woodside's Meg O'Neill is puzzling on at least two countsHere we go again. Just when you thought BP was trying to generate less drama, the new chair has decided a new chief executive is needed. Say goodbye to Murray Auchincloss, who junked the green-ish transition strategy of his predecessor as recently as February. Meg O'Neill, the American boss of the Australian group Woodside Energy, becomes BP's first outside hire as chief executive.At face value, a new appointment shouldn't be an outright surprise. Alfred Manifold arrived as BP chair in July and, after the many flip-flops under the ineffectual Helge Lund, he had a mandate to take his own view of how the company should be managed. If he and the board think an injection of “increased rigour and diligence” is necessary to fulfil the new oilier plan, fair enough. The activist investor Elliott may have been urging much the same. Even Auchincloss recognised the possibility he could be axed. His state...
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18.12.25 - 19:00
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Meg O′Neill: the ′hard-nosed′ boss hired to be the new head of BP (The Guardian)
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The 55-year-old from Boulder, Colorado, is the first female head of a major oil companyThe surprise appointment of BP's third chief executive in a tumultuous five years reflects the embattled fossil fuel producer's need for profound change. The hiring of Meg O'Neill appears to offer exactly that.The 55-year-old from Boulder, Colorado, is the first female head of a major oil company, and the first “outsider” to be hired to a position usually reserved for company veterans. She joins from the Australian oil and gas company Woodside, where she took up her first chief executive role only four years ago. Continue reading......
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18.12.25 - 15:36
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Micron′s Outlook Boosts Tech, EU to Decide on Frozen Russian Assets | The Opening Trade 12/18/2025 (Bloomberg)
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Nasdaq futures are positive despite looming concerns over tech valuations. Micron's AI optimism helps improve the tech outlook. BP announces the appointment of the first female CEO in Big Oil. Woodside Chief Executive, Meg O'Neill will start with the British energy giant in April in hopes to reverse the company's recent fortunes.
Meanwhile, all eyes are on the Bank of England and the European Central Bank decisions today. The BOE is expected to cut. And traders look ahead to US inflation data. President Trump says his administration has helped keep prices under control.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden. (Source: Bloomberg)...
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18.12.25 - 00:18
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BP names Meg O′Neill as new chief executive (The Guardian)
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The oil and gas company's chair says 'increased rigour and diligence' required to maximise value for shareholdersBP announced on Wednesday that it would appoint Meg O'Neill as its chief executive officer from 1 April next year, as Murray Auchincloss steps down from the role.BP's executive vice-president, Carol Howle, will serve as interim CEO until O'Neill assumes the position. O'Neill currently serves as the chief executive of Woodside Energy. Continue reading......
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