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New CEO Set To Simplify Bp Structure
(MENAFN- AzerNews)
bp's new chief executive Meg O'Neill announced plans to simplify
the company by consolidating its structure into two primary
business units, AzerNEWS reports via the Financial
Times.
While no exact timeline has been put out, the move was marketed as part of an effort to create "a simpler, stronger, more valuable" company built around "a clear upstream and downstream."
The change would mark a return to a traditional model focused on oil and gas production alongside a separate unit for refining, distribution, and retail.
The reorganization reverses the complex five-unit structure implemented in 2020 during the company's shift toward green energy.
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