Murray Auchincloss – Latest stories from Nourish

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Murray Auchincloss steps down as BP CEO after less than two years, as BP shifts leadership and accelerates asset sales amid profit pressures.

Stories involving Murray Auchincloss

BP Reports Stable Cash Flow Despite Oil Price Drop

BP expects flat to 5% higher results and cash flow for Q3, despite a $10 per barrel drop in oil prices year-on-year. Production has increased, driven by hydrocarbons and downstream results, but oil trading remains weak. The company is implementing cost cuts amid a focus on oil and gas expansion.

Pipeline Leak Disrupts Fuel Supply

The Olympic Pipeline, which supplies over 90% of Oregon's fuel, has been shut down since November 11 due to a leak. State authorities have declared emergencies to manage fuel delivery, but no shortages are expected. Airlines at Seattle-Tacoma are adjusting plans amid the disruption.

Pipeline Leak Disrupts Fuel Supply

BP's Olympic Pipeline leak in Washington has led to a shutdown affecting fuel supplies for Oregon and Washington. Authorities fined BP $3.8 million for a 2023 spill, and repairs are underway. The incident raises concerns over pipeline safety and regional fuel security.

BP Appoints First Female CEO

BP has announced Meg O’Neill, CEO of Woodside Energy, will become its first female chief executive in April 2026, replacing Murray Auchincloss. The move signals a strategic shift amid shareholder pressure and ongoing efforts to improve profitability.