BP, GB0007980591

BP stock after-hours: CEO says capital use must improve

Published on 10/06/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP CEO Meg O'Neill said the company needs to improve its use of shareholder capital. She also said BP is working with Iraq on possible new export routes.

Isometrisches 3D-Diorama einer Low-Poly-Raffinerie mit Tanks, Rohren und blauen Solarpanels
BP plc GB0007980591 als isometrisches Low-Poly-Raffinerie-Diorama mit Tanks, Rohren und blauen Solarpanels, Illustration mit AI erstellt.

BP Chief Executive Officer Meg O'Neill said the company needs to improve its use of shareholder capital during remarks at the Energy Intelligence Forum in London on October 5, 2026. Bloomberg reported that O'Neill said BP had not been careful stewards of shareholder capital.

Middle East strategy

O'Neill also said BP has no intention of withdrawing from the Middle East. The company is working with the Iraqi government to assess options for new export routes, including a northern route, according to Reuters.

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