Outgoing BP CEO Murray Auchincloss Was Vulnerable After Elliott Took a Stake -- Market Talk

Dow Jones12-18

0755 GMT - Murray Auchincloss's future as CEO of BP had been in the balance since activist investor Elliott Investment Management took over a 5% stake in the company, Hargreaves Lansdown's Derren Nathan writes. Meg O'Neill's appointment completes the clear-out of old management after Chairman Helge Lund went earlier in the year, he adds. "O'Neill may have a fight on her hands to ensure BP's not sold for a song, and to keep a seat at the table if it were to join forces with a competitor," he says. BP's shares closed at 425.55 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

December 18, 2025 02:56 ET (07:56 GMT)

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Meg O'Neill's appointment completes the clear-out of old management after Chairman Helge Lund went earlier in the year, he adds. \"O'Neill may have a fight on her hands to ensure BP's not sold for a song, and to keep a seat at the table if it were to join forces with a competitor,\" he says. BP's shares closed at 425.55 pence. 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