BP's Auchincloss steps down after investor pressure

BP ousts its CEO Murray Auchincloss overnight following investor frustration with net zero strategy and share under-performance. He is replaced by Woodside Petroleum’s Meg O’Neill who becomes the oil major’s fourth boss in six years. EU leaders gather in Brussels at a crucial summit to decide funding for Ukraine. And European investors await ‘Super Thursday’ with central banks’ rates decisions expected from the ECB, Riksbank, Norgesbank and BoE later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.