Article 69N9B Doubling of BP boss pay is a ‘kick in the teeth’, say campaigners

Doubling of BP boss pay is a ‘kick in the teeth’, say campaigners

by
Alex Lawson Energy correspondent
from World news | The Guardian on (#69N9B)

Bernard Looney's 10m pay package follows annual profits of 23bn linked to soaring gas prices sparked by Russia-Ukraine war

A payout for the boss of BP has been labelled a kick in the teeth" for consumers battling the cost of living crisis, as chief executive Bernard Looney saw his pay package more than double to 10m after the oil and gas giant landed record profits linked to the war in Ukraine.

His package included a salary of 1.4m, a bonus of 2.4m - down fractionally on 2021 - and a 6m share award, as well as benefits. The total package was 120% more than the 4.5m he received in 2021.

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