BP CEO Meg O'Neill marked her 100th day in office by shifting strategy toward financial discipline and portfolio simplification. The company will prioritize its core oil and gas business while reducing costs and tightening capital spending. This pivot moves BP away from a previous, less successful expansion into renewable energy.
A reorganization into upstream and downstream business units took effect in early July 2026. O'Neill plans to rebuild investor confidence by making fewer, better choices to deliver long-term value. Recent operations successfully delivered fuel to Australia and Europe.