BP CEO Meg O'Neill to restructure company into two units

New BP chief executive Meg O'Neill has informed staff of plans to simplify the company's structure. The overhaul will reportedly create two main business units.

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The newly appointed chief executive of BP PLC, Meg O'Neill, has reportedly informed employees of a plan to simplify the company's organizational structure. According to a report from the Financial Times on Tuesday, the strategy involves consolidating the firm's operations into two primary business units.

A view of the BP logo at a petrol station in Pienkow, Poland. REUTERS/Kacper Pempel/File Photo
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