BP Reportedly Plans to Simplify Structure Under New CEO

MT Newswires Live04-15 01:58

BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday.

Chief Executive Meg O'Neill told staff on Tuesday that the company would reorganize into one unit centered on upstream production and another covering refining, distribution and retail, though she did not provide a timeline or name new leadership, the Financial Times reported.

Reuters said BP operates through three core divisions, a gas and low-carbon unit, an oil production and operations branch, including refineries and US onshore assets, and a customers and products arm for retail and lubricants.

BP did not immediately reply to a request for comment from MT Newswires.

Price: 45.82, Change: -0.62, Percent Change: -1.34

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2627425717?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-15 01:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2627425717","market":"nz","top_or_hot":-1,"title":"BP Reportedly Plans to Simplify Structure Under New CEO","media":"MT Newswires Live","content":"<html><body><p> BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday.</p><p>Chief Executive Meg O'Neill told staff on Tuesday that the company would reorganize into one unit centered on upstream production and another covering refining, distribution and retail, though she did not provide a timeline or name new leadership, the Financial Times reported.</p><p>Reuters said BP operates through three core divisions, a gas and low-carbon unit, an oil production and operations branch, including refineries and US onshore assets, and a customers and products arm for retail and lubricants.</p><p>BP did not immediately reply to a request for comment from MT Newswires.</p><p>Price: 45.82, Change: -0.62, Percent Change: -1.34</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP Reportedly Plans to Simplify Structure Under New CEO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP Reportedly Plans to Simplify Structure Under New CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-04-15 01:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday.</p><p>Chief Executive Meg O'Neill told staff on Tuesday that the company would reorganize into one unit centered on upstream production and another covering refining, distribution and retail, though she did not provide a timeline or name new leadership, the Financial Times reported.</p><p>Reuters said BP operates through three core divisions, a gas and low-carbon unit, an oil production and operations branch, including refineries and US onshore assets, and a customers and products arm for retail and lubricants.</p><p>BP did not immediately reply to a request for comment from MT Newswires.</p><p>Price: 45.82, Change: -0.62, Percent Change: -1.34</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBC","symbol_name":"商品指数ETF-PowerShares DB","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2627425717","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627425717","pubTimestamp":1776189495,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"BP  plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday.Chief Executive Meg O'Neill told staff on Tuesday that the company would reorganize into one unit centered on upstream production and another covering refining, distribution and retail, though she did not provide a timeline or name new leadership, the Financial Times reported.Reuters said BP operates through three core divisions, a gas and low-carbon unit, an oil production and operations branch, including refineries and US onshore assets, and a customers and products arm for retail and lubricants.BP did not immediately reply to a request for comment from MT Newswires.Price: 45.82, Change: -0.62, Percent Change: -1.34","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DBC":"商品指数ETF-PowerShares DB","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4585":"ETF&股票定投概念","BP":"英国石油","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","DBE":"能源商品ETF-PowerShares","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","IEO":"iShares Dow Jones U.S. Oil & Gas","IXC":"全球能源业ETF-iShares","LU1829250122.USD":"高盛欧洲核心股票组合Acc","PXJ":"Invesco Oil & Gas Services ETF","BK4588":"碎股","ERX":"二倍做多能源ETF-Direxion","DRLL":"Strive U.S. Energy ETF","USE":"USCF Energy Commodity Strategy Absolute Return Fund","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4201":"综合性石油与天然气企业","BPH":"BP P.L.C. ADRhedged","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","VDE":"Vanguard Energy ETF","DIG":"二倍做多美国油气指数"},"translate_title":"据报道，英国石油公司计划在新任首席执行官的领导下简化结构","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USE":0.74,"DIG":0.74,"DRLL":0.74,"DRIP":0.74,"VDE":0.74,"DBC":0.74,"GUSH":0.74,"BPH":0.6,"BP":1.5,"PXJ":0.74,"ERX":0.74,"DBE":0.74,"IXC":0.74,"IEO":0.74},"content_text":"BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday.Chief Executive Meg O'Neill told staff on Tuesday that the company would reorganize into one unit centered on upstream production and another covering refining, distribution and retail, though she did not provide a timeline or name new leadership, the Financial Times reported.Reuters said BP operates through three core divisions, a gas and low-carbon unit, an oil production and operations branch, including refineries and US onshore assets, and a customers and products arm for retail and lubricants.BP did not immediately reply to a request for comment from MT Newswires.Price: 45.82, Change: -0.62, Percent Change: -1.34","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627425717","isCrawlerRequest":true}