Energy
BP CEO, Defending His Reset, Says Company to Be More Focused
Murray Auchincloss, chief executive officer of BP.
Photographer: Aaron M. Sprecher/BloombergThis article is for subscribers only.
BP Plc Chief Executive Officer Murray Auchincloss appeared at a key US energy major conference in Houston on Tuesday, talking up his reset for the troubled British oil major.
Under pressure from activist Elliott Investment Management, a new strategy outlined in late February focused firmly on raising cash flow by focusing on oil and gas production and scaling back renewable investments — his plans have had a mixed reception. Speaking at CERAWeek by S&P Global, he argued for his vision for a leaner, more focused BP.