Looney's (pic) total remuneration for 2020 could have been up to 11 million pounds ($15.24 million) based on BP's remuneration plan, more than the $13.23 million his predecessor Bob Dudley, who stepped down in February 2020, earned in 2019.
LONDON: BP Chief Executive Bernard Looney's remuneration was 1.735 million pounds ($2.4 million) in 2020 after it scrapped all bonuses during his first year in office due to the pandemic, the energy group said in its annual report.
Looney's pay included 1.18 million pounds in salary and 351,000 pounds in shares, while he and BP Chairman Helge Lund agreed to give 20% of their salaries to mental health charities in recognition of the impact of the COVID-19 pandemic.
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