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Stock impact report

How BP's disastrous embrace of net zero cost it yet another boss [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
The move to disclose the exit of chief executive Murray Auchincloss late at night in London was a purely functional one, insiders have insisted, rather than being motivated by panic. Auchincloss's successor, Meg O'Neill, is based in Australia, where she currently runs Woodside Energy. BP wanted to give investors there a chance to digest the news that Woodside's boss was leaving before trading on the Sydney stock exchange began. Still, back on the other side of the world, the announcement was a bolt from the blue for many in the City. For more than a few, it was a welcome one. “The optics of the announcement may not look great, but this is a good decision,” says Ashley Kelty, an oil and gas analyst at Panmure Liberum. “O'Neill is respected in the sector and she's the kind of chief executive BP needs right now.” Auchincloss is leaving after less than two years in the post, following an unhappy period that has seen BP besieged by activist investors after its ill-fated forays int Show less Read more
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