BP Names Interim CEO Murray Auchincloss as Permanent Chief.

BP has named Murray Auchincloss as its permanent CEO, following the abrupt resignation of Bernard Looney. Auchincloss, a company veteran who had been serving as interim CEO since September, will continue BP's shift towards renewable energy. The appointment indicates BP's commitment to its green transition, and Auchincloss stated that the company's strategy of becoming an integrated energy company remains unchanged. The decision to appoint an insider as CEO has been seen as a positive outcome for shareholders, providing continuity for the investment case. [Extracted from the article]