bp will cut about 6,200 office jobs by the end of 2026 as part of its ongoing restructuring, the company said in its second-quarter earnings call on Tuesday.
The majority of these exits are anticipated in fourth-quarter 2025, setting the stage for “material incremental savings” beginning in first-quarter 2026, bp said.
As part of its organizational transformation, bp is streamlining its internal systems and making better use of technology to cut costs and improve efficiency, the company said. It is reducing the number of software systems, such as Enterprise Resource Planning systems, which it uses to manage business operations, by 85%. On top of that, bp is rolling out artificial intelligence (AI)-powered tools to automate routine work and improve decision-making.
The company has also cut 3,200 contractor roles so far, with plans to remove another 1,200 by the end of 2025.
In the second quarter, technology helped bp deliver approximately $900 million in supply chain savings, with more than a third coming from reductions in contractor usage. bp is using data analytics platforms Palantir to better track and manage its contractors.
bp is also leveraging AI and digital tools in its convenience and mobility segment. For example, bp is producing point-of-sale (POS) marketing materials in around 50% of the time it used to take, allowing greater speed to market and significantly reducing costs, the company said.
“This has been another strong quarter for bp operationally and strategically,” Murray Auchincloss, CEO of bp, said on the earnings call.
Convenience and mobility performance improved in the second quarter, with adjusted EBITDA rising to $1.7 billion in the second quarter, up from $1.2 billion in the first quarter. The increase was largely attributed to stronger fuel margins and volume growth.
bp’s second quarter saw an underlying net income of $2.4 billion.
The company’s customers and products division delivered a $900 million increase in underlying profit compared to the first quarter. The customers segment contributed about $400 million of that gain, fueled by higher seasonal volumes and stronger fuels margins. bp said it was its best second quarter in over a decade.
Meanwhile, the products segment posted a $500 million improvement, due to stronger realized refining margins and oil trading results. This was partially offset by elevated turnaround activity.
- bp America Inc. is No. 5 on CSP’s 2025 Top 202 ranking of U.S. convenience-store chains by store count.
bp pulse has already installed 37,500 charging stations globally and is aiming to install 100,000 around the world by 2030. In the United States, it is working towards that goal by installing chargers at a number of sites in bp’s family of brands that, in total, have 8,000 locations across 46 states, including Amoco, ampm, Thorntons and TravelCenters of America.
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