BP chief's annual pay more than doubles to £10m

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BP chief's annual pay more than doubles to £10m
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Bernard Looney, who once called the oil firm a 'cash machine', has seen profits jump on soaring prices.

The boss of BP saw his pay more than double to £10m last year after the oil giant reported record profits on soaring energy prices.This week, Mr Looney's former rival Ben van Beurden, the ex-chief executive of Shell, also reported a huge pay bump,Both of the energy firms have gained as oil and gas prices spiked following Russia's invasion of Ukraine.

BP and other energy giants have faced criticism over the extent of their profits at a time when high energy prices have helped push up the cost of living.Related Topics

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