# BP said in April it would restructure along those lines, though it did not give a timeline.

*business · news · 2026-05-07 · MarketScreener*

## Key points

- BP will begin restructuring into two main units, upstream and downstream, starting in June.
- Gas business and carbon capture will move to upstream, while low carbon and biofuels shift to downstream.
- The restructuring reverses the 2020 strategy that separated gas and low-carbon from oil operations.
- CEO Meg O'Neill is prioritizing a simpler structure with renewed emphasis on oil and gas investments.

**Companies:** BP
**Countries:** United Kingdom

[Read the full story on MarketScreener](https://www.marketscreener.com/news/bp-ceo-tells-staff-that-company-reorganisation-to-start-in-june-sources-say-ce7f5bdad88ff724)

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