BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

BP: New boss Murray Auchincloss gets £8m pay packet in 2023

March 8, 2024
in Business
Reading Time: 1 min read
A A
0
BP: New boss Murray Auchincloss gets £8m pay packet in 2023
ShareShareShareShareShare

Mr Looney, who earned more than £10m in 2022, saw his own pay fall to £1.18m in the period leading up to his departure.

He did not receive a bonus or share-based awards, having left the company under a cloud.

He also had to pay back £1.8m.

BP previously announced that Mr Looney would forfeit up to £32.4m after his departure, including nearly £25m in long-term share awards.

At the time it said the former boss had “knowingly misled” the board about his personal relationships.

In 2023, BP made a full year profit of $13.8bn (£10.7bn), down from a record $27.7bn in 2022, when oil prices soared as a result of economies recovering from the coronavirus pandemic and Russia’s invasion of Ukraine.

While earnings fell by a large margin, 2022’s figure was still the company’s second-highest profit in a decade.

Global Witness accused BP of giving its chief executive “a multi-million, fat cat pat on the back” after becoming “one of the biggest winners of Russia’s war in Ukraine” while most people were “living paycheck to paycheck”.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Media tycoon Rupert Murdoch engaged for sixth time

Next Post

School shootings are prompting states to fund digital building maps to prepare first responders

Next Post
School shootings are prompting states to fund digital building maps to prepare first responders

School shootings are prompting states to fund digital building maps to prepare first responders

LinkedIn: Why AI is changing work, and how workers can prepare

LinkedIn: Why AI is changing work, and how workers can prepare

July 13, 2026
Cost segregation in the age of AI: What the IRS Audit Technique Guidelines reveal

Cost segregation in the age of AI: What the IRS Audit Technique Guidelines reveal

July 13, 2026
Volunteering at Sheffield food charity saved me from loneliness

Volunteering at Sheffield food charity saved me from loneliness

July 17, 2026
Best enterprise rank tracking software for high-traffic websites

Best enterprise rank tracking software for high-traffic websites

July 16, 2026
China’s Moonshot AI claims Kimi K3 can rival OpenAI and Anthropic

China’s Moonshot AI claims Kimi K3 can rival OpenAI and Anthropic

July 17, 2026
Ex-Virgin Money boss Gadhia picked to chair UK audit watchdog

Ex-Virgin Money boss Gadhia picked to chair UK audit watchdog

July 13, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

How the ‘Yellowstone effect’ transformed one rugged western American city

How the ‘Yellowstone effect’ transformed one rugged western American city

July 18, 2026
Iran just crossed Trump’s red line for resuming all-out war as fighting worsens with no end in sight

Iran just crossed Trump’s red line for resuming all-out war as fighting worsens with no end in sight

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!