Woodside CEO Meg O'Neill resigns for bp role; Liz Westcott named acting chief

Woodside CEO and managing director, Meg O'Neill, has resigned to become the chief executive officer at bp p.l.c., effective December 18, 2025. During her tenure since 2021, Woodside achieved transformational growth, paid approximately A$11 bn in dividends since 2022, and completed key projects including the merger with BHP Petroleum and the final investment decision on the Scarborough Energy Project.

Liz Westcott has been appointed acting CEO, effective December 18, 2025. Westcott joined Woodside in June 2023 as executive vice president and chief operating officer Australia, bringing extensive global operational leadership experience. Her annual salary as acting CEO will be A$1,803,000, including a higher duties allowance of A$600,000.

Meg O'Neill will continue to receive benefits until March 30, 2026, but will not be eligible for FY2025 incentives, and all unvested performance rights and restricted shares will lapse. The board expects to announce a permanent CEO appointment in the first quarter of 2026.