BP restructures business into upstream and downstream units
Energy giant streamlines operations and appoints new leadership to improve performance and decision-making.
BP has announced a new organizational structure that will take effect from July 1, 2026, simplifying its operations into two core segments: upstream and downstream. The move replaces the company’s previous three-part model and is aimed at improving performance, reducing complexity and accelerating decision-making across its global business.
The upstream segment will consolidate bp’s oil and gas exploration, development and production activities, along with its upstream joint ventures and businesses in renewable natural gas and carbon capture and storage. The downstream segment will combine refining, logistics, mobility and convenience, as well as biofuels, aviation, hydrogen and Castrol operations, aligning the company’s customer-facing and market activities.
To lead the new structure, bp has appointed Gordon Birrell as executive vice president, upstream, while Richard Harding will serve as interim executive vice president, downstream. The company has initiated a process to appoint a permanent leader for the downstream unit.
Meg O’Neill, bp chief executive, said: “Focusing bp around two distinct segments is an important step in accelerating delivery. It will reduce complexity and strengthen execution.” She added: “We are moving firmly towards a simpler, stronger and more valuable bp.”
The restructuring is designed to clarify accountability and enhance operational efficiency across the organization, with bp’s Supply, Trading & Shipping division continuing to operate across both segments to support integration and value creation.
The changes come amid broader leadership shifts, including the immediate removal of chair Albert Manifold following a unanimous board decision citing governance and conduct concerns, less than eight months after his appointment.
