BP will step back from acquisitions in the coming years as it weighs ‘big decisions’ over new project sanctions, CEO Murray Auchincloss told investors.
BP will up its buybacks as fourth quarter earnings beat analyst estimates, while profits returned to pre-2022 levels.
Having secured his place as BP's chief executive, Murray Auchincloss now has a chance to make his mark during a pivotal point in the supermajor's evolution.
BP has officially handed the role of chief executive to interim appointee Murray Auchincloss, ending months of searching and speculation.
BAE Systems chief Charles Woodburn is being backed by some investors to replace former CEO Bernard Looney
Reuters reported interim CEO Murray Auchincloss had privately indicated he would like to take the top job. Auchincloss was formerly BP CFO.
Analysts see interim CEO Murray Auchincloss as the logical candidate to steady the BP ship, while the company’s shares remain undervalued in relation to its peers.
Oil giant reportedly hires Egon Zehnder International to help find next chief executive after Bernard Looney ousting
BP holds around 18 billion barrels of oil equivalent in its resources plan – enough to maintain production for the next two decades, executives confirmed this week.
BP “now has a chance to take all the grey hydrogen and start to decarbonise those refineries around the world. At the same time, we will oversize and create a traded product.”
BP (LON: BP) has named Kate Thomson as its new interim chief financial officer (CFO).
BP board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years.
BP (LON: BP) has confirmed its CEO Bernard Looney has resigned after an investigation into his “conduct in respect of personal relationships with company colleagues” and misleading the board.
BP’s (LON: BP) chief executive has hailed “another good quarter” for the oil and gas giant, in no small part due to the spike in commodity prices.
Palantir Technologies has extended its partnership with BP, as part of the oil company’s drive to reach net zero.
Energy giant BP has told investors it is using business lessons from the aftermath of the Deepwater Horizon disaster to weather the current Covid-19 crisis.
BP's chief financial officer (CFO), Brian Gilvary, is to retire after more than three decades at the firm.