BP p.l.c. appointed Ian Tyler as Chair of the company, effective immediately following an extensive search process that included both internal and external candidates. Tyler previously joined the bp Board as a non-executive director in April 2025 and served as Interim Chair since May 26, 2026. He brings significant experience from his tenure as CEO of Balfour Beatty plc (2005-2013) and current roles as Chair of Grafton Group plc and Senior Independent Director of Anglo American plc. Concurrently, Dame Amanda Blanc announced she will not stand for re-election at the 2027 AGM and will step down from the board once a successor is appointed as Senior Independent Director. The oil and gas industry company operates in the energy sector.

BP p.l.c. reported a second-quarter 2026 attributable profit of $3.9 billion, up from $1.6 billion in the prior-year period, driven by higher liquid and gas realizations and stronger refining margins. Underlying replacement cost profit reached $5.7 billion for the quarter and $8.9 billion for the first half. CEO Meg O’Neill outlined five priorities to strengthen the balance sheet, simplify the portfolio, and drive operational excellence. The company announced intentions to sell its UK North Sea business, Archaea Energy’s US biogas operations, and Bay du Nord in Canada, while completing the sale of the Gelsenkirchen refinery. Net debt stood at $22.3 billion as of June 30, 2026. BP p.l.c. is an integrated oil and gas company engaged in exploration, production, refining, marketing, and trading of petroleum products.

BP p.l.c. reported strong financial results for the second quarter of 2026, with underlying replacement cost profit rising to $5.7 billion from $3.2 billion in the prior quarter and operating cash flow reaching $10.9 billion. The company announced a quarterly dividend of 8.66 cents per ordinary share, representing a 4% increase over the previous quarter's 8.32 cents. Strategic progress included agreements to sell its Austrian retail business, bring partners into Kirkuk operations, and complete the sale of the Gelsenkirchen refinery, while launching processes to market its North Sea business and biogas unit Archaea Energy. Net debt decreased by $6.9 billion to $22.3 billion following strong cash generation and a $2.9 billion hybrid bond redemption. This integrated energy company operates in the oil and gas industry.