BP says CEO Auchincloss's pay package fell to 5.4 million pounds in 2024

Reuters

Thu, Mar 6, 2025, 2:10 AM 1 min read

LONDON (Reuters) - BP's CEO Murray Auchincloss earned 5.4 cardinal pounds ($6.95 million) past year, the radical said successful its yearly study connected Thursday, down from 8 cardinal pounds successful 2023.

The radical said it paid nary bonuses connected the ground of fiscal performance.

BP's profits for past twelvemonth were 35% little than the erstwhile year's astatine $8.9 billion, and it is facing unit from activistic capitalist Elliott Investment Management to fortify its lipid and state business.

The institution is successful the process of dialling backmost a fig of ambitious renewables and emissions-cutting targets it had acceptable itself since 2020. It has besides dropped plans to chopped lipid and state output by a 4th by 2030.

Over the past 5 years, BP's shares person underperformed its main European and U.S. rivals, virtually ending level portion shares successful Exxon Mobil and Shell person risen astir 110% and 49%, respectively.

($1 = 0.7766 pounds)

(Reporting by Shadia Nasralla; Editing by Jan Harvey)