BP shareholders approve CEO's pay
Reuters
Published May 21, 2018 14:08
BP shareholders approve CEO's pay
MANCHESTER (Reuters) - BP (L:BP) shareholders on Monday approved Chief Executive Bob Dudley's 2017 remuneration package by a more than 96 percent majority.
Dudley's remuneration rose by 13 percent to $13.4 million (10 million pounds) last year as the oil and gas giant's profit more than doubled and production soared.
In 2016 Dudley's pay package was cut by 40 percent after a majority of shareholders opposed the company's pay policy.
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Written By: Reuters
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