BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
BP's new CEO, Meg O'Neill, is initiating a significant strategic shift by dismantling the company's "low carbon energy" business unit. This move re-emphasizes a focus on traditional oil and gas operations, simplifying the company's structure into "upstream" and "downstream" segments. The decision comes amid financial struggles and investor pressure to scale back less profitable renewable energy ventures. AI
