# New chief executive Meg O’Neill says the road ahead is now clear.

*business · news · 2026-04-19 · The Telegraph*

## Key points

- BP is returning to a traditional structure with separate oil and gas vs. refining and sales units.
- New CEO Meg O’Neill is the first woman to lead BP and was hired from Woodside Energy.
- BP has reversed its net zero and renewable investment commitments after underperforming key rivals.
- Major green-focused shareholders remain, but are publicly opposing BP’s shift back to fossil fuels.
- Chairman Albert Manifold and CEO O’Neill face potential shareholder backlash at the upcoming AGM.

**Companies:** British Petroleum
**Countries:** United Kingdom, Australia, Egypt, Trinidad and Tobago, Mauritania, Senegal, United States

[Read the full story on The Telegraph](https://www.telegraph.co.uk/business/2026/04/19/bp-makes-a-clean-break-from-the-old-guard/)

---

Canonical: https://newsio.io/n/d723bddf-c4da-4aa0-8ed9-22d0f6edd654/new-chief-executive-meg-oneill-says-the-road-ahead-is-now-clear-the-shake-up-wil
Summarized by Newsio from The Telegraph. https://newsio.io/how-it-works