BP scaled back its energy transition strategy earlier this year but still stands out among rivals as the only oil major with plans to cut oil and gas output by 2030 by 25%.
Auchincloss told staff in a brief town hall meeting on Wednesday that the company's aims were unchanged.
As part of his energy transition strategy he had committed to BP reaching net-zero emissions by 2050.
BP's strategy came under renewed scrutiny after rival Shell (SHEL.L) slowed down its energy transition strategy in June.
"(The BP board) have enough flexibility within the current strategy to focus more on cash flow," a second source close to the company said.
Persons:
Chris Helgren, Looney, Murray Auchincloss, Bernard Looney's, Auchincloss, hasn't, Helge Lund, Murray, Ron Bousso, Dmitry Zhdannikov, Jane Merriman, Mark Potter, Elaine Hardcastle
Organizations:
BP, REUTERS, Board, Investors, Canadian, Reuters, Shell, Thomson
Locations:
Vancouver , British Columbia, Canada