BP appoints Murray Auchincloss as permanent CEO

Environment

BP CEO Murray Auchincloss speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023.
Ryan Lim | Afp | Getty Images

LONDON — Oil and gas major BP appointed Murray Auchincloss as permanent CEO, the company said Wednesday.

His appointment comes roughly four months after his predecessor Bernard Looney resigned after less than four years in the post, citing undisclosed personal relationships with colleagues prior to becoming CEO.

Auchincloss, then chief financial officer, was named interim CEO at the time of Looney’s exit. He has been at BP since the company’s 1998 merger with Amoco Canada, which he joined in 1992.

The energy company said it carried out a search process to appoint the new company boss since September.

“The board is in complete agreement that Murray was the outstanding candidate and is the right leader for BP,” Chair Helge Lund said in a Wednesday statement.

“It’s an honour to lead BP — this is a great company with great people. Our strategy — from international oil company to integrated energy company, or IOC to IEC — does not change. I’m convinced about the significant value we can create,” Auchincloss said, in a signal that the company will retain its Looney-launched direction of shifting from fossil fuel production toward renewable energy.

This is a breaking news story, and it is being updated.

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