“So, oil prices today are strong. They will not always be strong. I've got 30 years in the industry, and the prices go up and down. And at some point, they will fall again. So we need to design a company and a financial frame and a balance sheet that allows us to reward shareholders through the cycle.”

Meg O'Neill · said 2026-10-30 · reported 2026-10-30

O'Neill told CNBC that despite currently strong oil prices, BP needs a financial framework that allows it to reward shareholders through cycles of price volatility.