BP chief executive Murray Auchincloss appears to be laser-focused on maximizing profits after taking over near the beginning of the year, and that may come at the expense of renewables.
In a recent interview, Auchincloss outlined his "demand strategy" for BP's future.
"We see growing demand for energy right now across the globe," he told the New York Times. "It is not slowing down."
As a result, BP is "going to invest in today's energy system, to help make sure that prices don't get out of control," Auchincloss explained to the news outlet. "So that's investing into oil and gas."
Alternative energy sources like biofuels and hydrogen aren't off the table, but the company said its oil output would likely increase by 2% to 3% annually through 2027, per Forbes.
"We have some big decisions ahead of ourselves," Auchincloss told the Times.
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