BP’s New CEO Shifts Focus Back to Oil and Gas, Freezes Hiring Amid Energy Transition Concerns

BP's newly appointed CEO Murray Auchincloss has initiated a hiring freeze and halted new offshore wind projects as the company reevaluates its energy strategy, Reuters reports, citing sources familiar with the matter. Auchincloss's decisions mark a pivot away from BP's previous rapid expansion into renewables under former CEO Bernard Looney, reflecting a renewed emphasis on