Murray Auchincloss
Chief Executive Officer
Legacy
Murray Auchincloss became BP's permanent CEO in January 2024 following the dismissal of Bernard Looney for misconduct, having served as Chief Financial Officer since 2020. His most significant strategic contribution has been conducting a rigorous review of BP's energy transition commitments and recalibrating the company's strategy toward greater near-term financial discipline — moderating production reduction targets, reducing low-carbon capital expenditure, and articulating a clearer priority stack focused on debt reduction and shareholder returns. Auchincloss has also overseen a significant structural cost reduction program targeting $2 billion of savings by 2026, which has included workforce reductions and organizational simplification. His background in finance and operations — including significant time spent in Houston managing BP's Gulf of Mexico business — gives him credibility with both the investment community and the company's engineering and operational workforce.