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BP has appointed Meg O'Neill as CEO, effective April 1, 2026, making her the first woman to lead a major oil company. O'Neill, previously at Woodside Energy, doubled production and focused on LNG shipping.

Her hiring reflects BP's shift back to core oil and gas amidst instability in green energy strategies. O'Neill's leadership emphasizes the importance of natural gas and LNG, forecasting a 50% demand increase over the next decade.

Despite her successes, she faces scrutiny over Woodside's financial performance and environmental concerns, particularly regarding the Burrup Hub project. O'Neill's appointment comes as BP navigates a competitive landscape with demands from investors for enhanced profitability.