BP CEO Compensation and Clawback Efforts Unveiled in Latest Report

Friday, 8 March 2024, 11:21
The annual report of oil giant BP disclosed that the CEO was paid £8 million last year while attempting to recover £3 million from the former CEO, Looney. This move was part of the company's efforts to reduce the payout to the dismissed leader, showcasing transparency in executive compensation and governance practices within BP.

BP's CEO Compensation Details

The annual report of oil giant BP has unveiled the compensation details of its CEO, highlighting a payment of £8 million last year. In a significant move, the company has also initiated efforts to recover £3 million from the former CEO, Looney.

Reducing Payouts

The disclosure signifies BP's attempt to reclaim funds from the ousted leader, showcasing a commitment to governance practices and accountability.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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