BP Boss Still Best Paid Oil CEO in Europe Despite 40% Cut: ChartBy
BP Plc Chief Executive Officer Bob Dudley is still Europe’s highest-paid oil boss despite a 40 percent cut in remuneration last year. Dudley received $11.6 million in salary, bonus, benefits and pensions, surpassing Royal Dutch Shell Plc CEO Ben Van Beurden’s 8.6 million euros ($9.1 million), which was 54 percent higher than a year earlier. BP also reduced the maximum amount Dudley can earn in the next three years to appease shareholders, a majority of whom voted against his $19.6 million pay for 2015 after the company reported a record net loss.
— With assistance by Mikael Holter, Francois De Beaupuy, and Chiara Albanese