What is the main strategic shift signaled by BP's new organizational structure under CEO Meg O’Neill?

The reorganization cements BP’s renewed focus on oil and gas by unwinding Bernard Looney’s 2020 pivot toward low-carbon ventures and realigning the company into two core operating segments — upstream (oil and gas exploration, development, production, plus renewable natural gas and carbon capture) and downstream (refining, retail, biofuels, hydrogen, lubricants, etc.) — to clarify accountability and accelerate decision-making.

Who are the key executives leading BP’s newly defined upstream and downstream segments, and what is notable about their appointments?

Gordon Birrell becomes executive vice president of upstream, overseeing oil and gas exploration, development, production, upstream joint ventures, renewable natural gas, and carbon capture and sequestration; Richard Harding assumes the role of interim executive vice president of downstream — covering refining, terminals, pipelines, retail fuel stations, biofuels, aviation, hydrogen, and lubricants — having come out of retirement in April, with a permanent hire currently being recruited.

BP CEO Shakes Up Structure in Push Back to Oil and Gas

Jun 9, 2026

BP CEO Meg O'Neill reorganized leadership structures to refocus the company on oil and gas operations following recent boardroom turmoil. The overhaul aims to clarify accountabilities and accelerate decision-making while shifting away from previous low-carbon strategies.

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