BP Changes Financial Reporting After Restructuring Divisions (1)

BP Plc outlined changes to its financial disclosures after restructuring key divisions last year.

The new reporting structure will comprise five segments: oil production and operations, gas and low-carbon energy, customers and products, Rosneft PJSC -- in which BP holds a stake -- and other businesses and corporate. That set-up will be reflected in its first-quarter results, expected on April 27.

The company said a year ago that it would replace its upstream and downstream units with 11 new teams, shaking up a corporate structure that had been in place for decades.

Its traditional core business -- hydrocarbons -- will ...