Woodside Energy

Woodside Energy, an Australian oil and gas company, is newsworthy due to the departure of its CEO, Meg O'Neill. O'Neill has been appointed as the new CEO of BP, marking the first time BP has hired an external candidate for the role in over a century, and the first woman to lead a top-five oil major. This move comes as BP faces declining annual profits, attributed to falling crude oil prices, leading to cost-cutting measures, suspension of share buybacks, and a re-evaluation of its strategy, including a pivot back towards fossil fuels. O'Neill's prior statements criticizing young climate activists add another layer of significance to her appointment at BP. Meanwhile, Malaysia's Petronas is seeking LNG supply deals with Qatar, highlighting the ongoing global demand for natural gas.