BP PLC CEO Meg O’Neill Promises Consistency as Debt Reset Faces First Test (Reuters)
Meg O’Neill, BP’s first external and first female CEO, pledged “clear direction and consistency” as she took over, promising continuity in oil and gas. BP halted share buybacks in February to cut debt and fund projects, with net debt at $22 billion and next results due April 28. O’Neill inherits a weaker balance sheet than rivals. Asset sales have reached $11 billion toward a $20 billion target by 2027.
