New BP CEO Has Work Cut Out -- Market Talk

Dow Jones12-18

1207 GMT - BP appointing an external CEO will help to remove any internal barriers Chair Albert Manifold was encountering, Paul Gooden, natural-resources portfolio manager at Ninety One, says. Meg O'Neill is experienced and will bring a renewed focus on execution and capital allocation, he says. These are areas where the British energy major has underperformed in recent years, he adds. "However, there are no silver bullets--fixing BP's over-leveraged balance sheet won't be easy, and Woodside's shares underperformed peers during Meg's tenure as CEO," he says. BP's shares trade up 0.4% at 427.05 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

December 18, 2025 07:07 ET (12:07 GMT)

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These are areas where the British energy major has underperformed in recent years, he adds. \"However, there are no silver bullets--fixing BP's over-leveraged balance sheet won't be easy, and Woodside's shares underperformed peers during Meg's tenure as CEO,\" he says. BP's shares trade up 0.4% at 427.05 pence. 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