INDUSTRY INSIGHT (THE BP RESET)
Research/Study
All Standard Disclaimers Apply & Seller Rights Retained
INDUSTRY INSIGHT(June 2, 2026)
BP Oil Reset, Britain North Sea Ban
BEYOND GREEN, LIES "OLD OIL"
Meg O'Neill (ex-Woodside) To Lead Change
BP To Simplify to Upstream and Downstream
Deleveraging Balance Sheet
U.S. Shales Leading BP's Growth
Playing: Permian, Haynesville, Eagle Ford
BP Added 100,000 Boepd Last Year - Up 22%
Targeting 30% More Growth by 2030
But: Britain Readies North Sea License Ban
UK North Sea Down to 1.0 MMBoepd
Report Incl Special Section: BPX Highlights
DOWNLOAD 6-PAGE DETAILED REPORT
RS 2611DA
Here’s an Industry Insight focused on BP’s reset to oil and gas after its "Beyond Petroleum" years and net-zero by 2050 commitment. Based on the news, we dig into the past, present and future direction for BP as well as a special article on BP’s US onshore efforts (under BPX Energy).
Our effort concludes with a third article reviewing Britain’s efforts underway to ban new licenses in the UK North Sea.
Quick Takeaways:
- We ask – What does BP’s pivot signal to other majors (particularly European) that are still running a dual narrative?
- BPX grew US Onshore (Permian, Haynesville, Eagle Ford) by 100,000 Boepd last year – up 22%.
- Offshore, BP is the Gulf’s second largest operator and has more growth on the way closer to 2030.
- Scattered international assets are likely to be trimmed or sold
Ironically, as BP gets back to oil, Britain is headed the other direction and readying a UK North Sea licensing ban. The UK North Sea is consolidating as production declines.
Click to the right (Files) to download the Report.
Our firm's commitment to content---
Energy Advisors Group is working hard to expand our thought leadership leveraging our decades of industry expertise. We look forward to providing additional market insight for our clients through Market Monitor, Regional Perspectives, Deal Alerts and Quarterly M&A Outlook.
We have been serving the needs of buyers, sellers and capital providers for over thirty-five years. We stand ready to assist asset owners in a competitive divestment process and to help buyers find off-market strategic assets for their portfolio.
Please Call Rich Martin at 214-744-2495 or email [email protected] for a private consultation.
TO LEARN MORE:
Blake Dornak
Vice President
Phone: 713-600-0169
– Email: [email protected]
Brian Lidsky
Director-Research & Special Projects
Phone: 713-600-0138
– Email: [email protected]
IF YOU NEED ASSISTANCE downloading the full report or creating a login into our platform, contact:
Stephanie Epps
– Email: [email protected]
This article is for informational purposes only and not intended as financial advice. Please conduct your own research before investing.
INDUSTRY INSIGHT(June 2, 2026)
BP Oil Reset, Britain North Sea Ban
BEYOND GREEN, LIES "OLD OIL"
Meg O'Neill (ex-Woodside) To Lead Change
BP To Simplify to Upstream and Downstream
Deleveraging Balance Sheet
U.S. Shales Leading BP's Growth
Playing: Permian, Haynesville, Eagle Ford
BP Added 100,000 Boepd Last Year - Up 22%
Targeting 30% More Growth by 2030
But: Britain Readies North Sea License Ban
UK North Sea Down to 1.0 MMBoepd
Report Incl Special Section: BPX Highlights
DOWNLOAD 6-PAGE DETAILED REPORT
RS 2611DA
Here’s an Industry Insight focused on BP’s reset to oil and gas after its "Beyond Petroleum" years and net-zero by 2050 commitment. Based on the news, we dig into the past, present and future direction for BP as well as a special article on BP’s US onshore efforts (under BPX Energy).
Our effort concludes with a third article reviewing Britain’s efforts underway to ban new licenses in the UK North Sea.
Quick Takeaways:
- We ask – What does BP’s pivot signal to other majors (particularly European) that are still running a dual narrative?
- BPX grew US Onshore (Permian, Haynesville, Eagle Ford) by 100,000 Boepd last year – up 22%.
- Offshore, BP is the Gulf’s second largest operator and has more growth on the way closer to 2030.
- Scattered international assets are likely to be trimmed or sold
Ironically, as BP gets back to oil, Britain is headed the other direction and readying a UK North Sea licensing ban. The UK North Sea is consolidating as production declines.
Click to the right (Files) to download the Report.
Our firm's commitment to content---
Energy Advisors Group is working hard to expand our thought leadership leveraging our decades of industry expertise. We look forward to providing additional market insight for our clients through Market Monitor, Regional Perspectives, Deal Alerts and Quarterly M&A Outlook.
We have been serving the needs of buyers, sellers and capital providers for over thirty-five years. We stand ready to assist asset owners in a competitive divestment process and to help buyers find off-market strategic assets for their portfolio.
Please Call Rich Martin at 214-744-2495 or email [email protected] for a private consultation.
TO LEARN MORE:
Blake Dornak
Vice President
Phone: 713-600-0169
– Email: [email protected]
Brian Lidsky
Director-Research & Special Projects
Phone: 713-600-0138
– Email: [email protected]
IF YOU NEED ASSISTANCE downloading the full report or creating a login into our platform, contact:
Stephanie Epps
– Email: [email protected]
This article is for informational purposes only and not intended as financial advice. Please conduct your own research before investing.