Joining Woodside and early challenges O'Neill joined Woodside Petroleum in May 2018 as
Chief Operating Officer after her tenure at ExxonMobil. She was recruited by Peter Coleman, a former ExxonMobil colleague and then CEO of Woodside Petroleum. O'Neill is one of only three women leading an
ASX20 company and the first woman to lead a
Big Oil supermajor. One of her first significant challenges was the negotiation of a
merger with
BHP's petroleum business, which would double Woodside's size. In 2022, the $63 billion merger was successfully completed. It placed Woodside among the top ten independent oil and gas companies globally and making Woodside the largest energy company listed on the
Australian Securities Exchange. Under her leadership, the company underwent a rebranding, changing its name from Woodside Petroleum to Woodside Energy. This change was positioned as part of a commitment to the energy transition, alongside ambitious sustainability targets, including a pledge to invest $5 billion in new energy products and lower-carbon services by 2030 and a non-binding commitment to achieve
carbon neutrality by 2050. O'Neill's tenure has faced scrutiny from environmental activists and shareholder groups, with criticisms regarding the pace and sincerity of Woodside's energy transition efforts. While she advocates for the role of gas in the energy mix, her initiatives have raised concerns about potential greenwashing, with some stakeholders questioning the genuine commitment to sustainability amid ongoing fossil fuel operations. ==BP==