BP reorganizes into upstream and downstream divisions amid turnaround plan

7 articles · Updated · The Wall Street Journal · Apr 28

BP appoints Meg O’Neill as CEO, who delivers her first earnings release as shares rise 2.8% to 588.6 pence.
The company reports strong downstream earnings, with Castrol achieving its highest results since before 2019, and outlines priorities to cut debt and boost shareholder value.
This reorganization is part of BP’s simplification strategy to strengthen its financial position, following industry trends of restructuring and responding to ongoing market volatility.

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