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BP streamlines structure & reshapes leadership to drive performance push
BP confirmed that a search is underway for a permanent Downstream leader
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By ICN Bureau | June 10, 2026
BP is overhauling its corporate structure in a move designed to simplify operations, boost performance, and unlock greater shareholder value.
From 1 July 2026, the energy major will shift from its current three-segment model to two core business divisions: Upstream and Downstream. The change marks a significant reorganisation aimed at reducing complexity and sharpening execution across the company.
As part of the shake-up, Gordon Birrell has been named executive vice president of Upstream, while Richard Harding will serve as interim executive vice president of Downstream. BP confirmed that a search is underway for a permanent Downstream leader. Both executives bring extensive experience across the oil and gas sector.
Chief executive Meg O’Neill said the restructure follows weeks of global engagement with staff, partners, and investors, and reflects strong backing for the company’s direction.
“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.
“BP has an incredibly capable team, with deep expertise across the oil and gas value chain. We are capitalizing on opportunities across our portfolio, strengthening the balance sheet and unlocking sustainable growth. We are moving firmly towards a simpler, stronger and more valuable BP.”
The company says the new structure is intended to help it better deploy capital, streamline decision-making, and position the business for long-term growth.
