Stock Movers BP's New CEO, Evolution's Big Downgrade, Currys Up
Dec 18, 2025
Chloe Millay, a Bloomberg reporter known for her insightful market commentary, delves into significant corporate shifts. She discusses Meg O'Neill's surprising rise as CEO of BP, tasked with refocusing on oil amidst previous renewable missteps. Millay also highlights Evolution's downfall, facing a double downgrade due to ongoing setbacks and regulatory risks. On a brighter note, she shares Currys' impressive sales surge and its strategic rebound, marking a notable comeback after last year's missed dividends.
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BP Signals Return To Oil And Gas
- BP's appointment of Meg O'Neill signals a clear strategic pivot back toward oil and gas and away from prior renewables bets.
- The market's muted reaction suggests investors worry about the abrupt management change and execution risk.
First Outsider And Female CEO At BP
- Meg O'Neill is the first female CEO of a major oil company and the first outsider BP has named to the role.
- Her Woodside track record and support for natural gas signal a shift toward aggressive execution and LNG focus.
Evolution Faces Earnings And Security Headwinds
- Barclays doubly downgraded Evolution to underweight, citing prolonged recovery in Asia and ongoing earnings pressure.
- Cyber attacks on live casino streams and North American underperformance create visibility and regulatory risks for the company.