Murray Auchincloss | |
|---|---|
| Born | 1970 (age 54–55) |
| Nationality | Canada |
| 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 of BP since 17 January 2024.
Auchincloss earned BCom degree in finance from the University of Calgary. [2]
Auchincloss qualified as a chartered financial analyst at West Virginia University in the United States. [3] He began his career as a tax analyst at Amoco 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 of Aker BP ASA, a main committee member of The 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 of Bernard Looney due to failing to reveal relationships with colleagues. [6] Auchincloss was also reported by The 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 like Elliot 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]