Murray Auchincloss | |
|---|---|
| Born | 1970 (age 54–55) |
| Occupation | Business executive |
| Title | Group CEO,BP |
| Term | January 2024–present |
| Predecessor | Bernard Looney |
Murray Michael Auchincloss (born 1970)[1] is a Canadian business executive and has been chief executive ofBP since 17 January 2024.
Auchincloss earnedBCom degree in finance from theUniversity of Calgary.[2]
Auchincloss qualified as achartered financial analyst atWest Virginia University in the United States.[3] He began his career as a tax analyst atAmoco in 1992, prior to its merger with BP in 1998.[4] From July 2020 to September 2023, he was the chief financial officer of BP.[2] He is a director ofAker BP ASA, a main committee member ofThe 100 Group, and a member of the European Round Table for CFOs.[2][5]
In September 2023, he was appointed interim chief executive of BP, following the sudden resignation ofBernard Looney due to failing to reveal relationships with colleagues.[6] Auchincloss was also reported byThe Times to be in a relationship with a colleague. A spokeswoman for BP said that the relationship did not represent a breach of BP’s code of conduct and had been "fully and appropriately disclosed" to the group.[7]
Auchincloss is one of the highest paid executives in the UK. His 2023 pay packet stood at £8 million ($10 million).[8] His pay for 2023 included a salary of £1.02 million, a bonus of £1.8 million and share-based rewards worth £4.6 million, as well as other benefits.[9]On February 26, 2025, Auchincloss announced a strategic shift to scale back its renewable energy investments and prioritize oil and gas production, aiming to increase annual fossil fuel investments by 20 per cent to $10 billion while cutting renewables funding by over $5 billion.[10] This decision, driven by pressure from shareholders likeElliot Management for higher profits, drew sharp criticism from environmental groups. Notably,Global Witness, an environmental advocacy organization, drove a lorry through central London displaying messages condemning BP’s move.[11]
Auchincloss has stated he plans to more than double BP's market value to $200 billion.[12]
Prior to becoming BP CFO, Auchincloss disclosed he was in a relationship with a BP employee, with whom he has a child.[13][14]
| Business positions | ||
|---|---|---|
| Preceded by | Group Chief Executive ofBP 2023– | Succeeded by Incumbent |