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The Latest Breaking News from Murray Auchincloss

BP hires first female boss as chief executive steps down

Murray Auchincloss’s departure after less than two years follows the appointment of Albert Manifold as BP’s new chairman in July.

Evening Standard

FTSE 100 Live 18 December: Interest rates set to fall, BP appoints new CEO

The Bank of England will today reduce the cost of borrowing by cutting interest rates from 4% to 3.75%.

Evening Standard

Meg O'Neill becomes first female CEO of BP in its 116 year history as Auchincloss steps down

Auchincloss will serve in an advisory role until December 2026 “to ensure a smooth transition.”

Evening Standard

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Woodside Energy’s Meg O’Neill, who criticised ‘zealous’ young climate activists, moves to BP

O’Neill tapped to lead global oil and gas giant, which has broken from net zero strategy and will ramp up fossil fuels

The Guardian - AU

BP names Meg O’Neill as new CEO after incumbent ousted

O’Neill, who has led Woodside Energy since 2021, will be oil and gas company’s first female chief executive

The Guardian - UK

Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant

BP’s new American CEO is a global traveler who just helped an Australian energy player grow worldwide.

Fortune

Britain's BP Trims Spending For Profit Growth To Offset Lower Oil Prices

British oil and gas giant BP p.l.c. (NYSE:BP) reported mixed third-quarter 2025 results on Tuesday.

Benzinga

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BP signals more cost cuts on way after fall in profits

Oil and gas company says it will review its portfolio and push to sell off assets faster

The Guardian - UK

BP accelerates overhaul with higher asset sale target as profits beat forecasts

The oil giant reported third quarter underlying replacement cost profits of 2.21 billion US dollars (£1.68 billion), down 3% on a year earlier.

Evening Standard

Embattled BP beats on earnings as it touts selling oil, not cups of coffee, poking fun at its former CEO

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

Fortune

BP begins costs review as quarterly profits of £1.77bn beat forecast

Oil and gas group trying to fend off activist investors says it ‘can and will do better’ for its shareholders

The Guardian - UK

Oil Giant BP Surprises With Better Than Expected Earnings

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and announced a fresh review of costs.

International Business Times

BP announces further staff cuts amid new AI policy

Chief executive Murray Auchincloss said AI was playing a key part in its overhaul

The Independent UK

BP increases staff cuts to 6,200 and signals further possible reductions

The group said it was now axing more than the 4,700 roles and 3,000 contactor cuts announced at the start of the year.

Evening Standard

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International Business Times

Oil Giant BP Returns To Profit In Second Quarter

British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices.

Evening Standard

BP reveals plans for group-wide costs and business review as profits fall

The oil giant has been under pressure from shareholders to boost profits and cut costs.

The Guardian - UK

Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 05 August: BP and Diageo results cheer, Domino’s Pizza shares slide

Results-day cheer for under-pressure BP and Diageo today helped the FTSE 100 index in a session when the value of Smith Nephew surged by 15%.

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The Guardian - UK

BP appoints new chair to oversee shift back to fossil fuels

Albert Manifold, ex-boss at buildings material company CRH, to take over from embattled Helge Lund

The Guardian - UK

BP agrees to sell US onshore wind business as it shifts back to oil

Company to sell business for undisclosed sum to LS Power as part of plan to offload $20bn in assets

Fortune

Shell denies reports of BP megamerger of Big Oil rivals

A Shell-BP deal would represent the biggest energy deal of the century—if not ever.

The Guardian - UK

Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industry

Euronews

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

International Business Times

BP Profit Drops 70% Amid Pivot Back To Oil And Gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.

Evening Standard

Major shareholder revolt against BP chairman amid climate clash

Shareholders delivered a massive rebuttal for Helge Lund’s reappointment amid tensions.

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