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OIL & GAS

BP CEO takes pay hit as profits drop, doubles down on oil & gas

Auchincloss’ bonus slashed as BP pulls back on renewables

Rueben Hale
BP CEO Murray Auchincloss faces a pay cut as the energy giant navigates falling profits, operational hurdles, and a strategic shift back to oil and gas.

BP CEO Murray Auchincloss faces a pay cut as the energy giant navigates falling profits, operational hurdles, and a strategic shift back to oil and gas. | Credits: Shutterstock/spicycactus337

BP boss Murray Auchincloss has seen his pay packet slashed, with total remuneration tumbling from £7.74 million in 2023 to  £5.4 million this year. This is as the energy giant grapples with falling profits,...

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