The London-based energy giant said its current boss Murray Auchincloss would step down less than two years after he replaced Bernard Looney, who was found to have committed "serious misconduct" in failing to disclose relationships with colleagues.

Meg O’Neill of Australia’s Woodside Energy will lead the British energy giant, replacing Murray Auchincloss, who will exit after less than two years in the role.

BP has tapped Woodside Energy's Meg O'Neill as its next CEO, its first external hire for the post in over a century and the first woman to lead a top-five oil major as the firm pivots back to fossil fuels.

BP's share price is up over 15% year-to-date. It made gains in the previous session and after hours trading as investors responded to the news.

Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons,

Meg O'Neill's appointment as chief executive of BP, the first woman to run an oil major, might clear the way for fresh merger talks with Shell

BP has started up a new subsea expansion at its long-running Atlantis platform, boosting Gulf of America output.

BP Plc was ousting its CEO and filling the role with an outsider, vetted during a top secret process that only a handful of people even knew was happening.

BP named the American former Exxon Mobil executive as its new boss in an unexpected management shake-up Wednesday. She is set to take the helm of a storied yet often troubled energy producer that is aiming to reinvigorate its fossil-fuel business after an ill-timed turn toward renewable energy.