BP’s new boss to overhaul structure after retreat from green strategy

Meg O’Neill to return to upstream and downstream divisions after shift away from low carbon pushBP’s new boss has set out plans to reinstate the company structure the fossil fuel supermajor ditched six years ago as part of its failed attempt to reorganise the business to pursue a green agenda.Meg O’Neill told staff that the 117-year-old company would return to a “simpler, stronger” two-business arrangement including an upstream oil and gas production unit and a downstream business focused on refining and distributing fuels and retail activities. Continue reading...