BP named the American former Exxon Mobil executive as its new boss in an unexpected management shake-up Wednesday. She is set to take the helm of a storied yet often troubled energy producer that is aiming to reinvigorate its fossil-fuel business after an ill-timed turn toward renewable energy.

BP Plc was ousting its CEO and filling the role with an outsider, vetted during a top secret process that only a handful of people even knew was happening.

O’Neill’s track record in large LNG deals and upstream growth aligns with BP’s renewed focus on traditional energy.

Meg O’Neill of Australia’s Woodside Energy will lead the British energy giant, replacing Murray Auchincloss, who will exit after less than two years in the role.

BP p.l.c. (NYSE:BP) is one of the stocks Jim Cramer recently discussed. A caller asked if they should add more to their position in the stock or wait. Here’s what Mad Money’s host had to say in response: “I think you should sell it before you hang up with me,

Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons,

BP on Thursday made an abrupt shift in leadership, as CEO Murray Auchinloss is stepping down immediately after less than two years on the job.

Additional Big Oil companies where women are finance chiefs include Exxon Mobil SVP and CFO Kathryn A. Mikells, who has held the role since 2021, but is retiring in February due to health issues, and Shell CFO Sinead Gorman, who has been finance chief since 2022; both earned a spot on the Fortune 2025 Most Powerful Women list.