NEW
Auchincloss took the top job, first on an interim basis, at the end of last year after the unceremonious exit of
Yesterday
That did not stop Auchincloss from announcing a bumper share buyback of just shy of £1.5bn in the first quarter of this year, with another of the same size announced for the second quarter. Altogether Auchincloss is looking to hand back
Speaking to analysts, chief executive
"I'm not going to be focused on volume, I'm going to be super focused on returns," Auchincloss told analysts on Tuesday.
"We will be relentlessly value and returns focused with our investments and focused on growing value and returns from our oil and gas portfolio. I have a bias for returns, and don't necessarily have a bias for volume, or oil or gas."
"We will continue to be pragmatic in our approach to how we navigate this transition.
"We want to help scale lower carbon energy value chains and position ourselves to profit from them but must remain flexible and adjust in line with changing demands and societal needs."
Quilter Cheviot analyst
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