BP’s new boss will take home at least £11.7m this year, more than double her predecessor

The Guardian - World NewsCenter-LeftEN 3 min read 100% complete by Jillian Ambrose Energy correspondentMarch 6, 2026 at 02:27 PM

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Meg O'Neill will become BP's new CEO in April, marking the first external and female appointment to the role in the company's history. Her compensation for the year will be at least £11.7 million, more than double her predecessor's pay, due to payments compensating for forfeited share awards from her previous role at Woodside Energy. This significant package comes as BP faces pressure to improve its financial performance after lagging behind competitors and suspending share buy-backs. O'Neill is BP's third CEO in under five years, following Murray Auchincloss's departure after a brief tenure and Bernard Looney's earlier exit. She is expected to address shareholder concerns and revitalize the company's strategy amid industry challenges.

Key Entities & Roles

Key Player Opposition Context

Carol Howle 30% ExxonMobil 40% Elliott Management 40% Bernard Looney 40% Ukraine 50% Shell 50% Russia 50% Woodside Energy 60% Murray Auchincloss ×470% Meg O'Neill ×590% BP ×10100%

Keywords

bp 80% oil company 70% executive pay 60% energy crisis 50% share awards 50% shareholder buybacks 40% takeover 40% activist hedge fund 40% russia invasion 40% greener agenda 40%

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Negative

Score: -0.30

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The Guardian - World News

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Center-Left (-0.40)

Far LeftCenterFar Right

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90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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