BP layoffs, on the record
Every job cut, severance charge and restructuring BP reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from 67,600 to 100,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2022 | 67,600 | — |
| 20-F for 2023 | 87,800 | — |
| 20-F for 2024 | 100,500 | — |
Job cuts, severance and restructuring
Our summaryBP said that 2022 adjusting items include a release of provisions for the reinvent bp restructuring, which was largely complete by mid-2021.
Word for word“The process is largely complete with the significant majority of restructuring charges booked by 30 June 2021.” 20-F for 2022
Our summarybp recorded termination costs within wages and salaries, which were higher than in the prior two years.
Word for word“a Includes termination costs of $ 336 million ( 2023 $ 96 million and 2022 $ 27 million ).” 20-F for 2024
Our summarybp booked restructuring charges in 2024 for provisions linked to its transformation project, announced in January 2024.
Word for word“2024 includes charges for provisions arising from the groups transformation project that was announced on 16 January 2024.” 20-F for 2024
Our summaryThe remuneration committee oversaw a restructuring of the leadership team under the new CEO, effective April 2024.
Word for word“The new leader ship team structure was effective from April 2024.” 20-F for 2024
BP has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from BP’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2026-03-06. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.