BP’s transition strategy in new hands: Murray Auchincloss named CEO
BP has appointed Murray Auchincloss as its new CEO, finalising the company's leadership search after Bernard Looney’s departure last September. Auchincloss, who stepped in as interim CEO in September 2023, has a background in upstream, having served as CFO for the segment before his elevation to group CFO in 2020.
In our previous analysis, BP's next transition, we delved into the implications of Looney's resignation for BP’s transition strategy. With Auchincloss' appointment as CEO, we have further explored what this means for BP’s strategy moving forward.
Source: Company data, Accela Research estimates | *Bio, convenience, EV charging estimated as difference between TGEs and Low carbon capex, **TGEs disclosed half-yearly
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