BP p.l.c. (BP,BP.L) announced that Murray Auchincloss will step down from his role as chief executive officer and director of the Board, effective Thursday, 18 December. He will continue to serve in an advisory capacity until December 2026 to support a smooth leadership transition.BP has appointed Meg O'Neill as the company's next chief executive officer, effective 1 April 2026.To ensure continui...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.