In a major shakeup, BP has announced Meg O'Neill as their new Chief Executive. O'Neill, who previously served as the company's executive vice president of development and production, is set to take over from Bernard Looney next year.

With a proven track record at BP, O'Neill is poised to lead the company through a period of transition as the energy sector faces increasing pressure to pivot towards renewable sources. In a statement, O'Neill expressed her enthusiasm for the new role, highlighting the importance of innovation and sustainability in the industry.

The appointment of O'Neill comes at a crucial time for BP, as the company looks to position itself as a leader in the shift towards cleaner energy. With her extensive experience and leadership skills, O'Neill is expected to drive BP towards achieving its sustainability goals while maintaining profitability.

Investors and industry analysts have welcomed the news, praising O'Neill's strategic vision and operational expertise. As BP looks towards a greener future, O'Neill's appointment marks a significant step in the company's journey towards sustainability and success in the energy market.