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00:03BP named Carol Howell as interim CEO after Auchincloss said he will step down on Thursday
00:08and move into an advisory role through December 2026, according to Reuters.
00:13BP said O'Neill's appointment followed long-term succession planning,
00:17though no public search was announced. Auchincloss became CEO in 2024, after Bernard
00:23Looney resigned for withholding information from the board about personal relationships
00:27with colleagues. The company shifted strategy earlier this year by cutting billions in planned
00:32renewable investments, refocusing on oil and gas, and committing to sell $20 billion in assets by
00:382027 while reducing debt and costs. For all things money, visit Benzinga.com.
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