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BP appoints Ben Monaghan as M&A chief from early 2027 - Finance news and analysis from Global Banking & Finance Review
Finance

BP appoints Ben Monaghan as M&A chief from early 2027

Published by Global Banking & Finance Review

Posted on September 29, 2026

2 min read

· Last updated: September 29, 2026

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Ben Monaghan Named as BP’s Senior VP for M&A and Business Development in 2027

BP Appoints Ben Monaghan to Lead Mergers, Acquisitions, and Business Development

LONDON, Sept 29 (Reuters) - BP has appointed former JPMorgan banker Ben Monaghan as senior vice president for mergers and acquisitions and business development from early 2027, a BP spokesperson said on Tuesday.

BP’s Strategic Investment Approach

Meg O’Neill, who became CEO in April, has prioritised a more disciplined approach to investment, saying decisions must be rooted in profitability, cash generation and market realities. The group has continued to pursue divestments as part of its drive to become more profitable.

Leadership Changes in BP’s Mergers and Acquisitions

Previous Leadership

Sam Skerry led BP's mergers and acquisitions business from 2022 until she succeeded Carol Howle as head of supply, trading and shipping in August.

Ben Monaghan’s Professional Background

Experience at PJT Partners

Monaghan, a former finance chief of Iraqi Kurdistan-focused Genel, is a partner at the Strategic Advisory Group at investment bank PJT Partners, where he specialised in the global energy sector and energy transactions.

Career at JPMorgan

Leadership in Energy Investment Banking

He also worked for 20 years at JPMorgan, leading its Europe, Middle East and Africa energy investment banking team, according to the PJT website and LinkedIn.

(Reporting by Shadia Nasralla and Stephanie Kelly. Editing by Mark Potter)

Key Takeaways

  • BP strengthens its M&A leadership by appointing Ben Monaghan from PJT Partners to join early 2027, succeeding interim head Sam Skerry.
  • The move aligns with CEO Meg O’Neill’s strategy of disciplined, profit‑ and cash‑focused investing and continued divestment of non‑core assets.
  • Monaghan brings two decades of energy banking experience at JPMorgan and advisory expertise from PJT Partners, signaling BP’s intent to sharpen its deal‑making and business development capability.

Frequently Asked Questions

Who has BP appointed as senior vice president for M&A from early 2027?
BP has appointed Ben Monaghan as senior vice president for mergers and acquisitions and business development from early 2027.
What is Meg O’Neill's investment approach at BP?
Meg O’Neill prioritizes a disciplined approach to investment focused on profitability, cash generation and market realities.
Who previously led BP’s mergers and acquisitions business?
Sam Skerry led BP's mergers and acquisitions business from 2022 until she became head of supply, trading and shipping in August.
What is Ben Monaghan’s background?
Ben Monaghan is a former JPMorgan banker and finance chief at Genel; he is currently a partner at PJT Partners specializing in the energy sector.

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