BP cuts boss’s pay by 30% after company misses profit targets

Murray Auchincloss paid 5.4m in 2024 as oil company ditched green investment strategy

BP cut the pay of its chief executive after a chastening year in which the British oil company missed profit targets and ditched its green investment strategy as it came under pressure from a US-based activist investor.

Murray Auchincloss's pay decreased by 30% to 5.4m for 2024, according to the company's annual report published on Thursday.