Stock Movers BP's New CEO, Whitbread's , Rheinmetall's Outlook
Dec 18, 2025
Louise Moon, Bloomberg's breaking news editor and market reporter, dives into the surprising appointment of Meg O’Neill as BP's new CEO, highlighting the challenges the oil giant faces. She discusses the rally in Whitbread shares following Corvex Management's 6% stake acquisition and the call for a strategic review. Additionally, Moon explains Rheinmetall's adjusted full-year outlook, indicating increased sales growth overall while noting the shifts in its defense segment.
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BP Shifts Toward Operational Oil And Gas Focus
- BP appointed Meg O'Neill from Woodside, signaling a stronger operational focus on oil and gas.
- Markets expect activist pressure from Elliott will push BP toward a more aggressive turnaround.
Leadership Overhaul Creates Transition Risk
- BP's leadership overhaul includes both a new CEO and a new chair this year, increasing governance change at the top.
- Shares dipped only slightly, reflecting some investor concern about near-term transition risk.
Activist Stakes Spark Whitbread Rally
- Activist Corvex has taken a 6.05% stake in Whitbread and is calling for a strategic review of its multiyear investment plan.
- The market rewarded the move with shares jumping as investors priced potential board change and value unlocking.