Meg O'Neill is new BP CEO

Meg O'Neill as its next CEO, its first external hire for the post in over a century and the first woman to lead a top-five oil major as the firm pivots back to fossil fuels.

O'Neill, an Exxon veteran, will take over in April following the abrupt departure of Murray Auchincloss, the second CEO change in just over two years as the British oil major strives to improve its profitability and share performance which for years lagged competitors like Exxon