
BP’s new boss will earn at least £11.7m this year, more than double her predecessor
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Meg O’Neill is set to become BP's first female CEO, joining the company from Woodside Energy in April. Her annual compensation will be at least £11.7 million, which is more than double that of her predecessor. This marks a significant change in leadership for the 117-year-old oil firm, as O’Neill is also the first external hire for the top position.
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BP has faced numerous challenges in recent years, including fluctuating oil prices and increasing pressure to adopt sustainable practices. O’Neill's leadership will be closely watched as stakeholders assess her ability to steer the company through these turbulent times while also addressing gender representation in corporate leadership.
This article reflects the author's views and does not necessarily represent the views of the publication or its affiliates.
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