BP CEO Denies Company Breakup Plans
BP Chief Executive Meg ONeill has categorically denied that the energy group has considered breaking up the company. Speaking during a quarterly results conference call, ONeill reaffirmed the strategic imperative of maintaining an integrated oil and gas business.
Insights:
BP Chief Executive Meg O'Neill denied any breakup plans for the United Kingdom-based energy group during a quarterly results conference call on Friday afternoon. The categorical denial addresses media reports from earlier in the week regarding internal board discussions. Maintaining an integrated business model remains central to the group's future strategy.
