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Murray Auchincloss. Murray Michael Auchincloss is a Canadian business executive, and the chief executive officer of BP. He was its interim CEO from September 2023 to January 2024. Auchincloss is one of the highest paid executives in the UK. His 2023 pay packet stood at £8 million ($10 million).
On 2 July 2015, BP and five states announced an $18.5 billion settlement to be used for Clean Water Act penalties and various claims. BP guilty plea. On November 14, 2012, BP and the US Department of Justice reached a settlement under which BP agreed to pay $4.5 billion in fines and other payments, the largest of its kind in US history.
The Anglo-Persian Oil Company (APOC) was a British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Persia ().The British government purchased 51% of the company in 1914, gaining a controlling number of shares, effectively nationalizing the company.
BP is denying former CEO Bernard Looney, who resigned in September, a payout of more than $40 million, the oil company announced Wednesday. In the announcement, BP said Looney “knowingly misled ...
BP reported to be in contact with Apache Corporation to sell its Alaska oil fields. BP (38%), China National Petroleum Corporation (37%) and Iraq's South Oil Co. (25%) sign contract for operation and management of the Rumaila oil field in Iraq. July 12 Three ram capping stack installed on the Deepwater Horizon LMRP at 7 p.m. CDT (0000 GMT). The ...
Between 2018 and 2022, S&P 500 chiefs’ median pay has increased 23% but that of FTSE 100 CEOs has only risen by 1.1%, corporate governance advisor ISS Corporate found last year.
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig owned by Transocean and operated by BP.On 20 April 2010, while drilling at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away.
On the 100th day since the BP oil spill disaster started, a coalition of leading environmental groups is asking the giant oil company to make a "down payment" of $5 billion to help pay for ...