A new chapter begins at @bp_plc on 1 April. A golden opportunity to reset. BP's UK pensioners have seen real-terms cuts since 2022 despite a strong fund. Now is the moment to do the right thing. Honour the long-standing pension increase policy and restore trust.
On 1 April 2026, BP enters a new chapter with the appointment of Meg O'Neill as CEO.
For thousands of UK defined benefit pensioners, long-standing concerns around pension increases remain unresolved.
A new dawn offers the chance for a new conversation.
“Our deeds determine us, as much as we determine our deeds.” — George Eliot
@bp_plc leadership deeds:
🔴 REJECTED fair pension increases
🔴 REFUSED to honour a 30+yr policy
🔴 REBUFFED pensioners’ calls
Deeds define legacy. BP’s has become one of broken trust.
Many think of the 3 R’s as reading, writing & arithmetic.
@bp_plc 3 R’s?
🔴 Rejected trustees’ requests for cost-of-living rises
🔴 Refused to honour a 30+ yr pension policy
🔴 Rebuffed meetings with pensioner reps
More: https://t.co/EP1r1oaLaf
@bp_plc says the 1989 BP Pension Increase Policy was withdrawn in 2006. Yet no evidence that staff or pensioners were told, and no documents prove it. Publish the evidence — or be damned.
IT'S TIME TO DO THE RIGHT THING
@bp_plc's pension dispute isn’t going away. Thousands of members of BP’s UK defined benefit pension scheme have been in dispute with the company since 2023, when BP walked away from its long-standing policy on inflation related pension increases.
I received a message from someone made redundant from @bp_plc : “What you are doing matters deeply — perhaps more than many people realise until they step out of the company and begin to truly feel the long-term weight of these pension decisions.”
https://t.co/Uwz4D9Dj6F
Pension Fund Trustees: the law is clear.
Knowingly harming members’ benefits isn’t just wrong — it could be a criminal offence under the UK 2021 Pensions Act.
🔒 Protect pensions.
🚫 No reasonable excuse.
#BPPensions
“Stuff and nonsense.”
This describes @bp_plc's excuses for refusing all affordable discretionary pension increases proposed by Pension Trustees.
- No extra cost to BP.
- No evidence of harm to stakeholders.
- And “global fairness”? BP already varies pay and pensions by country.
WE ARE STILL HERE
@bp_plc - No meetings. No apologies. No justice.
But BP pensioners aren’t backing down. We’ll keep going until this is resolved – one way or another.
@bp_plc But @bp_plc you are still harming your pensioners, reneging on promises given and silent bullying any voice that speaks out. Why are you acting against our @bp_plc Code of Conduct and behaving immorally?
#bp#BPPensions#CodeofConduct
@bp_plc has been accused of walking away from its long-standing pension increase policy — even as profits soar and executive pay rises.
Pensioners deserve better.
@HawthorneSJJ No, but the ones with big surpluses SHOULD make discretionary increases. In BP’s case when it persuaded us to join, accept lower wages than peers, and contribute to the scheme, it told us its policy was to allow discretionary rises “whenever possible”.
#BrokenPromises