BP has confirmed that Carol Howle, the firm’s trading chief who rose to deputy CEO less than three months ago, will step down as part of a broader shake‑up. Howle’s exit follows a string of resignations that has rattled the company’s executive bench. The announcement came after the oil major’s latest quarterly report showed weaker earnings than analysts expected today.

BP’s board said the move aims to streamline leadership amid rising pressure from investors to curb costs and refocus on renewable projects. Howle oversaw the firm’s trading division, which generated roughly £2.7 billion in revenue last year. Her departure may prompt a reevaluation of BP’s trading strategy as the company faces tighter regulatory scrutiny in the energy transition this year ahead.

Analysts warn that a sudden leadership vacuum could slow BP’s transition to low‑carbon assets, potentially widening the gap between its stated net‑zero goals and on‑ground progress. Investors will watch closely for a successor who can balance short‑term profitability with long‑term sustainability. The board’s next step will signal the firm’s commitment to its restructuring plan and growth in the energy sector.