business / news / / The Telegraph
New chief executive Meg O’Neill says the road ahead is now clear.
BP is returning to a traditional structure with separate oil and gas vs. refining and sales units.
KEY POINTS
- 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
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