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BP chief executive Mare Auchinclass’s salary dropped by 5 percent last year to $ 1.36 million, failing to hit the oil oil, operation and security target.
According to the company’s annual report on Thursday, BP decided that BP had decided that BP had decided that the BP had decided that the annual report of the company said that his share awards were reduced to $ 4.36 million, and his share awards were reduced to $ 1.02mn to $ 1.45 million.
Last month, BP had torn a five -year -old strategy to become a top green power company and Auchinclos promised that the company would concentrate on oil and gas instead and sell $ 20 billion resources in the next two years.
BP, which is promising to reduce the cost of renewable energy as well as reset its strategy, says it will now remove the goals of the green energy business from its bonus calculation.
The 2024 pay packet of Auchinclas can be significantly smaller than Shell Boss Well Sawan, who received only $ 8 million in compensation in 2023. Shell has not yet published its 2024 annual report.
Meanwhile, BP’s chair, Helz Lond, who was also criticized for monitoring the company’s failed strategy, has seen his salary increase by 5.7 percent to $ 5, though his overall package remains at around $ 12,700.
BP also said that they have appointed former BT chief executive Ian Tyler as the president of his wages committee, subject to approval at the annual general meeting.
