BP PLC has announced the appointment of Murray Auchincloss as the company's chief executive officer with immediate effect. Auchincloss, who has been serving as the interim CEO since September 2023, will continue as a member of the BP board. The decision follows a rigorous and competitive search process conducted by the board over the past four months, with consideration of both internal and external candidates.

Helge Lund, chair of BP, expressed confidence in Auchincloss, stating, "The board is in complete agreement that Murray was the outstanding candidate and is the right leader for BP." Lund highlighted Auchincloss's familiarity with the company and his deep understanding of the energy transition, emphasizing his leadership, focus on performance, and delivery as qualities that will benefit BP as it continues its transformation into an integrated energy company.

Auchincloss's appointment reflects BP's commitment to a disciplined transformation and its strategic shift towards becoming an integrated energy company. The decision underscores the board's confidence in Auchincloss's ability to lead the company through the challenges and opportunities presented by the evolving energy landscape.