BP is a Publicly Owned company headquartered in the UK. Known legally as BP p.l.c. and formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c., it operates as a British multinational oil and gas company. Founded in 1909, the company has approximately 63,800 employees and reported $180.4M in revenue as of 2020. It specializes in oil and gas, and is considered one of the oil and gas "supermajors" and among the world's largest companies by revenues and profits.
On July 10, BP CEO Meg O'Neill stated that the company needs to focus on streamlining decision-making and strengthening trust with investors and customers as she outlined the next phase of BP's direction, marking her first 100 days as head executive. The company also announced on July 10 the appointments of Sam Skerry as executive vice president supply trading and shipping, and Sonya Adams as executive vice president people and culture, both effective August 1, 2026. Skerry brings nearly 30 years of experience at BP, primarily leading trading businesses across various energy derivatives. Previously, on July 9, O'Neill indicated that BP would simplify its portfolio and cut costs, weigh a potential North Sea exit, and make fewer but better investment choices. This strategy prioritizes financial discipline and refocuses the energy major on its core oil and gas investments following what she described as a failed renewables endeavor. Earlier on July 9, BP continued to shrink its global portfolio by selling its interest in an offshore drilling project in Canada.
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