BP’s Interim CEO Defends Strategy Amid US Flurry of Megadeals
- Exxon, Chevron have done deals worth more than $100 billion
- BP is focused on growing low-carbon business, not oil and gas
Murray Auchincloss
Photographer: Christopher Pike/BloombergBP Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by US competitors Exxon Mobil Corp. and Chevron Corp.
“We’re focused really on transition” to net zero emissions, Interim Chief Executive Officer Murray Auchincloss said on Tuesday. BP’s growth engines will be clean energy “and not the oil and gas side.”
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
BP’s Interim CEO Defends Strategy Amid US Flurry of Megadeals