Woodside Energy faces a leadership shake-up after chief executive Meg O'Neill's surprise exit for the top job at BP, a move that comes as the Australian firm is striving to deliver key projects in a market braced for oversupply.

Liz Westcott appointed acting CEO with immediate effect as Meg O'Neill departs for top role at UK supermajor BP

Woodside CEO and Managing Director, Meg O’Neill, has advised the Board of her resignation and has accepted the role of Chief Executive Officer at bp p.l.c.

Shares of energy companies fell as a slump in commodity prices continued. Oil futures inched higher, but remained around $56 a barrel, within 2% of 2025 lows. Natural gas futures continued their retreat, closing down 2.9% at $3.91 a million British thermal units.

PERTH, Dec 18 (Reuters) - Energy industry veteran Meg O'Neill, tapped by BP (BP.L) to lead a shake-up at the venerable London-based major, made an immediate splash when she took the reins at Australia's Woodside Energy, clinching a deal that doubled its production portfolio.

Woodside Energy Group has confirmed that CEO and Managing Director Meg O’Neill resigned to become CEO of bp p.l.c., with long-time operations leader Liz Westcott stepping in as Acting CEO from 18 December 2025.