BP Names Interim CEO

Benzinga

BP named Carol Howle interim CEO as Auchincloss steps down and moves into an advisory role through 2026. The company has recently refocused on oil and gas while targeting $20B in asset sales by 2027.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03BP named Carol Howell as interim CEO after Auchincloss said he will step down on Thursday

00:08and move into an advisory role through December 2026, according to Reuters.

00:13BP said O'Neill's appointment followed long-term succession planning,

00:17though no public search was announced. Auchincloss became CEO in 2024, after Bernard

00:23Looney resigned for withholding information from the board about personal relationships

00:27with colleagues. The company shifted strategy earlier this year by cutting billions in planned

00:32renewable investments, refocusing on oil and gas, and committing to sell $20 billion in assets by

00:382027 while reducing debt and costs. For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended