BP vs PepsiCo: Founders, CEOs and History
BP was founded in 1909 by William Knox D'Arcy, Charles Greenway and is led by Meg O'Neill. PepsiCo was founded in 1965 by Caleb Bradham, Donald M. Kendall, Herman W. Lay and is led by Ramon Laguarta.
Company facts
Founders
BP
William Knox D'Arcy
William Knox D'Arcy (1849-1917) financed the search that created BP. In 1901 he obtained a 60-year concession from the Shah of Persia to explore for and produce oil across about three-quarters of the country, paying £20,000 in cash, £20,000 in shares and 16% o…
Charles Greenway
Charles Greenway (1857-1934) was not among the 1909 incorporators but became the executive who turned Anglo-Persian into a working oil company.
PepsiCo
Caleb Bradham
Caleb Bradham created "Brad's Drink" at his New Bern pharmacy in 1898, renamed it Pepsi-Cola and incorporated the Pepsi-Cola Company in 1902.
Donald M. Kendall
Donald M. Kendall led Pepsi-Cola and engineered its 1965 merger with Frito-Lay to form PepsiCo, which he ran as CEO until 1986.
Herman W. Lay
Herman W. Lay (1909-1982) started his career as a snack food salesman. In 1932, he opened a snack food operation in Nashville, Tennessee, eventually purchasing the manufacturer and renaming it H.W. Lay & Company.
CEOs and their tenures
BP
- Sir John Browne1995–2007
Chief Executive Officer (former)
John Browne (later Lord Browne of Madingley) turned BP into a global supermajor through the acquisitions of Amoco (1998), ARCO (2000) and Burmah Castrol (2000).
Source - Tony Hayward2007–2010
Chief Executive Officer (former)
Tony Hayward, a geologist who joined BP in 1982 and ran its exploration and production business, succeeded John Browne in May 2007 and promised to fix BP's safety culture after Texas City.
Source - Bob Dudley2010–2020
Chief Executive Officer (former)
Bob Dudley, an American who began his career at Amoco and previously ran the TNK-BP joint venture in Russia, was BP's first American CEO, serving from October 2010 to February 2020.
Source - Bernard Looney2020–2023
Chief Executive Officer (former)
Bernard Looney's three-and-a-half-year tenure as CEO was defined by the most ambitious energy transition strategy ever articulated by a major oil company and ended in its most dramatic leadership dismissal.
Source - Murray Auchincloss2024–2025
Chief Executive Officer (former)
Murray Auchincloss, a Canadian who joined Amoco in 1992 and became BP's CFO in 2020, was interim CEO after Bernard Looney's September 2023 exit and permanent CEO from January 2024.
Source - Carol Howle2025–2026
Interim Chief Executive Officer (former)
Carol Howle, BP's executive vice president for supply, trading and shipping, served as interim CEO from December 2025, when Murray Auchincloss stepped down, until Meg O'Neill joined on April 1, 2026.
Source - Meg O'Neill2026–present
Chief Executive Officer
Meg O'Neill, an American engineer who spent more than two decades at ExxonMobil and ran Australia's Woodside Energy from 2021, became BP's chief executive on April 1, 2026, the first woman to lead the company.
Source
PepsiCo
- D. Wayne Calloway1986–1996
Chief Executive Officer
He more than doubled PepsiCo's revenues during his tenure and heavily invested in the restaurant division before it was later spun off.
Source - Roger Enrico1996–2001
Chief Executive Officer
He dramatically simplified the company's structure, allowing it to focus resources on its core grocery and convenience store distribution networks.
Source - Steven Reinemund2001–2006
Chief Executive Officer
He oversaw significant international expansion and revenue growth, setting a strong operational foundation before handing leadership to Nooyi.
Source - Indra Nooyi2006–2018
Chief Executive Officer
Under her 12-year tenure as CEO, PepsiCo's revenue grew by more than 80%, and she fundamentally reshaped the company's identity from a junk-food purveyor to a diversified global food and beverage giant.
Source - Ramon Laguarta2018–present
Chairman of the Board & Chief Executive Officer
He sustained strong organic revenue growth and protected operating margins through historically challenging supply chain conditions, while committing the company to major sustainability and packaging reduction goals.
Source
Timeline: BP and PepsiCo side by side
1898PepsiCo
Pepsi-Cola Invented in North Carolina
Caleb Bradham formulated the original digestive cola syrup in his drugstore.
1901BP
D'Arcy Persian Concession
William Knox D'Arcy obtains a 60-year oil concession from the Shah of Persia covering about 480,000 square miles, roughly three-quarters of the country, in exchange for £20,000 in cash, £20,000 in shares and 16% of annual profits.
1908BP
Discovery of Oil at Masjid-i-Suleiman
After seven years of expensive and largely unsuccessful drilling, field manager George Reynolds strikes oil at Masjid-i-Suleiman in south-west Persia on May 26, 1908. It is the first commercial oil discovery in the Middle East.
1909BP
Anglo-Persian Oil Company Incorporated
The Anglo-Persian Oil Company is formally incorporated in April 1909, with William Knox D'Arcy and the Burmah Oil Company as principal backers.
1914BP
British Government Acquires 51% Stake
At the urging of Winston Churchill, First Lord of the Admiralty, the British government pays ~$2.9 million (£2.2 million) for a 51% stake in Anglo-Persian and signs a long-term fuel-oil supply contract for the Royal Navy, which is converting its fleet from coa…
1954BP
Renamed British Petroleum
Following the 1953 resolution of the Iranian nationalization crisis and the Shah's restoration to power, the company renames itself British Petroleum Company.
1965PepsiCo
Historic Merger of Pepsi-Cola & Frito-Lay
Donald Kendall and Herman Lay created PepsiCo, uniting snacks and soft drinks.
1970BP
North Sea Forties Field Discovery
BP discovers the Forties field in the UK North Sea, one of the largest oil fields ever found in British waters. Together with Alaska's Prudhoe Bay, it gives BP politically secure production just as Middle Eastern governments take control of their oil.
1975PepsiCo
Launch of the Pepsi Challenge
National blind taste tests shook Coca-Cola's market dominance and redefined advertising.
1987BP
UK Government Privatization Complete
The Thatcher government completes the privatization of its remaining 31.5% stake in BP through a global share offering timed for October 1987 weeks before the global stock market crash known as Black Monday disrupted the sale and left underwriters with unsold…
1997PepsiCo
Restaurant Business Spun Off
PepsiCo spun off its restaurant businesses (Pizza Hut, Taco Bell and KFC) as Tricon Global Restaurants, now Yum! Brands, in 1997.
1998BP
Merger with Amoco Corporation
BP merges with Chicago-based Amoco Corporation in a deal valued at approximately $48.2 billion the largest industrial merger in history at the time.
1998PepsiCo
Acquisition of Tropicana ($3.3B)
Acquired chilled orange juice leader Tropicana to dominate morning beverages.
2000BP
Beyond Petroleum Rebrand
Under then-CEO Sir John Browne, BP launches the 'Beyond Petroleum' rebranding campaign, introducing the sunflower logo still in use today and publicly positioning the company as an energy company committed to addressing climate change.
2001PepsiCo
Acquisition of Quaker Oats & Gatorade ($13.4B)
Acquired Quaker Oats, adding sports hydration pioneer Gatorade to the portfolio.
2006PepsiCo
Indra Nooyi becomes CEO
Indra Nooyi became CEO of PepsiCo in 2006. Chief executive of PepsiCo from 2006 to 2018.
2010BP
Deepwater Horizon Disaster
The Deepwater Horizon drilling rig, operating on the Macondo well in the Gulf of Mexico under contract to BP, suffers a catastrophic blowout on April 20, 2010, killing 11 workers and triggering the largest marine oil spill in US history approximately 4.9 milli…
2011PepsiCo
Wimm-Bill-Dann Acquired
PepsiCo completed its acquisition of the Russian dairy and juice company Wimm-Bill-Dann in 2011.
2018PepsiCo
Acquisition of SodaStream ($3.2B) & Ramon Laguarta Appointed CEO
Acquired SodaStream to pioneer eco-friendly dispensing; Ramon Laguarta took over as CEO.
2020BP
Net-Zero Commitment and Dividend Cut
Under new CEO Bernard Looney, BP sets a net-zero ambition for 2050 and, in August 2020, pledges to cut oil and gas production by 40% by 2030 and raise low-carbon investment to about $5 billion a year.
2022PepsiCo
Strategic Distribution Alliance with Celsius ($550M)
Secured master global distribution for fast-growing energy brand Celsius.
2024BP
Auchincloss Confirmed as CEO
Murray Auchincloss, BP's CFO since 2020 and interim chief since Bernard Looney's September 2023 exit, is confirmed as permanent CEO in January 2024.
2025BP
Strategy Reset and Bumerangue Discovery
In February 2025 BP cuts planned transition investment to $1.5-2 billion a year, raises upstream spending to about $10 billion a year and targets $20 billion of divestments and $14-18 billion of net debt by 2027.
2025BP
CEO Change and Castrol Sale Agreed
On December 17, 2025 BP says Murray Auchincloss will step down and names Woodside Energy CEO Meg O'Neill as his successor from April 2026, with Carol Howle as interim CEO.
2025PepsiCo
poppi Acquisition and Elliott-Backed Plan
Closed the $1.95 billion poppi deal and announced a North America cost and pricing reset in December.
2026BP
O'Neill Takes Over and Simplifies BP
Meg O'Neill becomes CEO on April 1, 2026. The board removes chair Albert Manifold on May 26 over governance and conduct concerns and names Ian Tyler interim chair, confirming him as permanent chair on September 2.
2026PepsiCo
Price Cuts on Core Snacks
Lowered prices on major Frito-Lay brands by up to 15% to recover US volumes.
Acquisitions
BP
- TravelCenters of America2023$1.3B
- Archaea Energy2022$4.1B
- Lightsource Renewable Energy (43% stake, later 100%)2017$200M
- ARCO (Atlantic Richfield Company)2000$27B
- Castrol Limited2000$4.7B
- Amoco Corporation1998$48.2B
PepsiCo
- poppi2025$1.9B
- SodaStream International2018$3.2B
- The Quaker Oats Company (including Gatorade)2001$13.4B
- Tropicana Products1998$3.3B
Questions about BP vs PepsiCo
Who is the CEO of BP plc and PepsiCo, Inc.?
BP plc is led by Meg O'Neill and PepsiCo, Inc. is led by Ramon Laguarta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was BP plc founded vs PepsiCo, Inc.?
BP plc was founded in 1909 — 56 years before PepsiCo, Inc., which was founded in 1965. BP plc's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger PepsiCo, Inc..
How many employees does BP plc have compared to PepsiCo, Inc.?
BP plc employs approximately 93,700 people, while PepsiCo, Inc. employs approximately 306,000. PepsiCo, Inc. has the larger workforce at 306,000 employees, compared to BP plc's 93,700. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are BP plc and PepsiCo, Inc. headquartered?
BP plc is headquartered in United Kingdom and PepsiCo, Inc. is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded BP plc and PepsiCo, Inc.?
BP plc was founded by William Knox D'Arcy, Charles Greenway. PepsiCo, Inc. was founded by Caleb Bradham, Donald M. Kendall, Herman W. Lay.
Which company has a longer operating history — BP plc or PepsiCo, Inc.?
BP plc has been operating for approximately 117 years, making it the more established of the two companies. PepsiCo, Inc. has been in operation for around 61 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the BP vs PepsiCo overview