New BP CEO Meg O’Neill is making fast work restructuring the struggling Big Oil giant, simplifying the organizational chart and eliminating the “low carbon energy” business unit as it reemphasizes its core oil and gas businesses.
Fresh off BP’s controversial axing of chairman Albert Manifold for “unacceptable” conduct, O’Neill is demonstrating the transformation of the British energy producer won’t slow down amid the leadership turmoil—three CEOs and three chairmen within three years.
