bp set out its new organizational structure this week to simplify the company, improve performance and grow value for shareholders.
From 1 July 2026, bp will be organized around two distinct business segments – Upstream and Downstream – replacing the current three-segment structure. Gordon Birrell has been appointed executive vice president, Upstream; and Richard Harding will be interim executive vice president, Downstream.
Both bring decades of operational experience and leadership to their roles. A recruitment process is underway to appoint a permanent EVP Downstream. “Focusing bp around two distinct segments is an important step in accelerating delivery. It will reduce complexity and strengthen execution,” commented Meg O'Neill. chief executive officer, in above photo.
She added “Over the past two months, I have spent time with our teams, partners and investors around the world, and I am encouraged by the strong support for our strategic direction. Focusing bp around two distinct segments is an important step in accelerating delivery. It will reduce complexity and strengthen execution.
Downstream will include refining, terminals, pipelines, mobility and convenience, biofuels, aviation, hydrogen and Castrol, aligning how bp makes, moves and sells its products
Full story bp simplifies organizational structure and announces leadership appointments
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