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BP's New Approach: Streamlines Structure For Efficiency And Clarity
BP p.l.c. (NYSE:BP) disclosed the simplification of its organizational structure, supporting the delivery of the priorities it set out in February 2024.
BP will integrate the current regions, corporates & solutions organization into the businesses and functions and will now be supported by five functions – finance, technology, strategy, sustainability & ventures, people & culture, and legal.
Meanwhile, the company’s financial reporting structure will remain unchanged.
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Apart from this, BP stated ...