BP PLC ADR

BP: XNYS (USA)
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BP's Under New Management As It Heads in the Right Direction

Business Strategy and Outlook

Before new CEO Meg O'Neill took the helm in April 2026, BP had already pivoted away from its energy transition strategy, following years of underperformance, by cutting low-carbon investment and increasing investment in oil and gas. In her short time, O'Neill has already taken steps to reorganize the business into an upstream/downstream structure to accelerate the turnaround, streamline the project pipeline, and announce the sale of Archaea Energy, a major transition-related acquisition.

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