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Stock impact report

British energy giant BP extends shakeup with new CEO pick [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
BP said in a statement that company executive Carol Howle will serve as interim CEO until O'Neill moves over from her position as chief executive of Australian group Woodside Energy. O'Neill becomes the first woman chief executive of an oil major, a term used to describe the likes of Shell, ExxonMobil, Chevron and TotalEnergies. The American national, who spent 23 years working for ExxonMobil, is also the first external candidate be appointed CEO of BP in the group's 116-year history. O'Neill has led Woodside Energy since April 2021. - 'Transformation' - The unexpected boardroom shakeup comes with BP pivoting back to its more profitable oil and gas business as it slashes clean energy investment. BP chair Albert Manifold said O'Neill's "proven track record of driving transformation, growth, and disciplined capital allocation makes her the right leader". He added that the change helps to "accelerate" BP's "strategic vision to become a simpler, leaner, and more profitable co Show less Read more
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