Woodside Energy (US:WDS) Businesswire·2025-12-17 22:48Core Insights - Woodside CEO Meg O'Neill has resigned to become the CEO of bp p.l.c., with Liz Westcott appointed as Acting CEO effective December 18, 2025 [1][2] - O'Neill's leadership has resulted in approximately $11 billion in dividends paid to shareholders since 2022, indicating strong business performance [3] - The company is well-positioned for future growth, having completed significant projects and partnerships under O'Neill's tenure [4] Leadership Transition - Liz Westcott, previously Executive Vice President and COO of Woodside's Australian Operations, will lead the company during this transition [1][2] - The Board is focused on CEO succession planning, with both internal and external candidates being considered for a permanent appointment in Q1 2026 [7] Strategic Focus - Woodside's priorities for 2026 include safe and efficient operations, execution of major projects, and adherence to the strategic course outlined at the November 2025 Capital Markets Day [6] - Westcott's appointment is expected to provide continuity and support the company's strategy to deliver shareholder value through disciplined decision-making and operational excellence [5] Compensation Details - O'Neill will receive benefits until the end of her gardening leave on March 30, 2026, but will not be eligible for FY2025 incentives [9] - Westcott's annual salary as Acting CEO will be A$1,803,000, which includes a higher duties allowance of A$600,000 [9]