BP said Chief Executive Murray Auchincloss is stepping down after less than two years at the helm of the oil major and named an outsider as his successor.The London-based company is turning to Meg O’Neill,

The management shakeup comes as BP lags behind its rivals due to a combination of corporate disasters, war, lackluster returns from its renewables efforts and some bad luck

BP has ousted its chief executive after less than two years as investors lose patience with the oil major’s embrace of net zero. The company’s new chairman, Albert Manifold, has turned to its first female chief executive in the company’s history as he seeks to spark a turnaround in a brutal oil market.

Shell's chief of mergers Greg Gut left the oil and gas major after Chief Executive Wael Sawan and other top executives blocked an internal proposal to buy rival BP earlier this year, the Financial Times said on Tuesday.

Petrobras (PBR) plans to buy a stake in the Brazilian unit of BP's (BP) Lightsource solar and battery business, which would mark the first renewable energy deal for the state-controlled oil producer,

Shell plcs head of mergers and acquisitions, Greg Gut, has left the company following internal disagreements over a proposed takeover of rival energy giant BP, according to a report by the Financial Times.