BP presented a revised labor proposal to United Steelworkers Local 7-1 on May 22, 2026. The offer seeks to resolve a prolonged contract dispute at the Whiting, Indiana refinery.
The updated settlement withdraws a proposed voluntary workforce reduction of 42 maintenance craft employees. It also features a 13% average pay increase over the first four years of a six-year contract.
United Steelworkers Local 7-1 rejected the proposal and characterized the offer as concessionary. The union further described BP's public statement regarding the negotiations as misleading.
BP stock closed 1.14% lower at $44.36 on May 22 following the rejection. The ongoing labor dispute continues to represent a key operational risk for the company.