# BP Splits Into Upstream and Downstream

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Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/bp-splits-into-upstream-and-downstream.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-06-09T13:38:49+00:00
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Duration seconds: 137

## Resource

BP is officially splitting into two divisions—upstream and downstream—starting July 1, 2027, to cut complexity and speed decisions under new CEO Meg ONeill. Gordon Birrell leads upstream, covering exploration, production, and renewable gas, while Richard Harding temporarily heads downstream, managing refining, gas stations, and Castrol. Supply, trading, and shipping will cross both segments, while solar and wind stay under tech. The move reflects a renewed focus on oil and gas, cost-cutting, and slashing net debt to $14–18 billion by 2027, with $7.5 billion in savings targeted. The restructuring follows leadership changes, including former chairman Albert Manifold’s exit, and comes as BP’s stock has surged over 30% this year. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/66b54f021908ce66

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