BP to move global HQ to new London office, consolidate with tech campus

LONDON, March 18 (Reuters) - BP ​will move ⁠its global headquarters by ​early 2028 to new offices in London that will also ​house ‌technical and engineering staff currently based in its ⁠Sunbury campus outside of the ⁠British capital, BP ​said in an emailed statement to Reuters on Wednesday.

* "We are taking steps to build a simpler, stronger ​and ‌more valuable bp, including bringing our teams and leaders closer together. This move will help us work smarter and faster, strengthen decision-making, and ​create more opportunities for meaningful in-person collaboration," BP ‌said in an emailed statement. The new headquarters are set to be ‌in a development in London's Southwark called Timber Square, BP said.

* BP, whose new CEO Meg ​O'Neill is starting on April 1, has improved the reliability ‌of its oil and gas production and refining assets since refocusing the company and its spending ⁠on its ⁠core hydrocarbon businesses about a ‌year ago.

* BP, having pledged to bring its net ​debt, ​currently at around $22 billion, down to $14 ‌billion to $18 billion by end-2027, has finished more than half of a $20 billion disposal programme. (Reporting by Shadia Nasralla. Editing by Jane Merriman)

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