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BP chief executive Murray Auchincloss has said he will step down after less than two years in the role, and will be succeeded by Meg O’Neill, head of Woodside Energy.
Auchincloss said on Wednesday he would relinquish the chief executive role immediately but remain at BP in an advisory capacity until the end of 2026. Carol Howle, BP’s head of trading, will run the company until O’Neill arrives in April.
The departure of Auchincloss follows the appointment of Albert Manifold as BP chair in July.
O’Neill, a former ExxonMobil executive, has been chief executive of Woodside since 2021.
This is a developing story