The CEO of BP has taken a £2.3m pay cut as profit was slashed at the FTSE 100 giant. Murray Auchincloss received a pay packet of £5.4m for 2024, down from the £7.7m he received in 2023.
The drop came amid a more than £1.1m cut to his bonus to £734,000, and a £1.6m fall in share-related payments to £2.8m. His base salary rose by about £450,000 to £1.5m.
Last month it was revealed that BP’s net income fell to $8.9bn (£7.2bn) in 2024, down from $13.8bn the previous year.
Full story BP CEO takes huge pay cut as profit slashed at FTSE 100 giant
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