BP Strategic Outlook

BP enters 2026 at an inflection point — a company with world-class capabilities and a storied legacy, yet still struggling to find strategic equilibrium. The arrival of Meg O’Neill as CEO will begin to answer questions about how BP will define this next phase of its 117-year history. For more than 75 years, Energy Intelligence has tracked BP’s evolution with unmatched continuity, building decades of reporting, analysis and insider insight across the global energy system. This report draws on that foundation, shaped by voices from across the industry, to lay out the challenges ahead for BP. In this special report, Energy Intelligence sees the core focus areas as better defining BP’s corporate culture, executing a consistent strategic focus, managing investor expectations and improving the balance sheet.