business
BP announces two-segment overhaul to simplify operations
Key takeaways
- BP announces two-segment overhaul to simplify operations BP's new structure will be organised around two primary business segments – Upstream and Downstream.
- The company stated that the move aims to simplify its organisational structure, improve performance and focus on value growth for shareholders.
- The announcement comes shortly after the dismissal of Albert Manifold as BP’s chair and director.
BP announces two-segment overhaul to simplify operations BP's new structure will be organised around two primary business segments – Upstream and Downstream. Credit: Elninho/Shutterstock.com. · Offshore Technology · Elninho/Shutterstock.com. Shree Mishra Wed, June 10, 2026 at 5:44 PM GMT+7 2 min read BP BP has announced plans to reorganise its operations into two primary business segments, Upstream and Downstream, effective from 1 July 2026.
The company stated that the move aims to simplify its organisational structure, improve performance and focus on value growth for shareholders.
The announcement comes shortly after the dismissal of Albert Manifold as BP’s chair and director.
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