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BP Chief Executive takes huge pay cut

BP CEO Sees Pay Cut 30% After Profit Miss, Elliott Intervention

BP Plc Chief Executive Officer Murray Auchincloss’ total compensation dropped to £5.36 million ($6.91 million) in 2024, about 30% less than the previous year, after the energy giant’s profits disappointed.

The Mirror · 2h

BP's chief executive takes £2.3m pay cut as the company’s profits slump

This fundamental reset of our strategy demonstrates a clear focus on actions to drive performance improvement and grow cash flow and returns for bp's shareholders'

Evening Standard on MSN · 7h

BP chief take over £2.3m pay cut after slump in profits

BP chief executive Murray Auchincloss took a £2.3m pay cut last year amid a slump in profit at the fossil fuel giant.

The Financial Times · 7h

BP chief executive’s pay falls 30% after failing to meet key targets

BP chief executive Murray Auchincloss’s pay fell 30 per cent to £5.36mn last year after the struggling oil major failed to hit profit, operation and safety targets. While Auchincloss’s base salary rose to £1.

Reuters on MSN · 8h

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

BP's CEO Murray Auchincloss earned 5.4 million pounds ($6.95 million) last year, the group said in its annual report on Thursday, down from 8 million pounds in 2023. The group said it paid no bonuses on the basis of financial performance.

Saudi Aramco weighs bid for BP’s Castrol lubricant assets

Reuters on MSN · 1d

Saudi Aramco exploring initial bid for BP's Castrol unit, source says

Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter. BP has been exploring all options around its Castrol business,

Bloomberg L.P. · 1d

Saudi Aramco Weighs Bid for BP’s Castrol Lubricant Assets

Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, according to people with knowledge of the matter.

Live Mint on MSN · 14h

Castrol India share price jumps 6% amid reports of potential Saudi Aramco bid for BP’s lubricant business

Saudi Aramco, the world’s largest energy company, is evaluating the possibility of acquiring part or all of BP’s lubricant business, which operates under the Castrol brand, Bloomberg reported.

4hon MSN

BP set a bonus target that didn’t even require earnings to grow. The CEO still didn’t earn it.

BP’s under-fire chief executive was awarded no bonus from the company’s financial performance last year as his overall pay ...

BP says gas bubbles discovered at Senegal-Mauritania GTA project

BP said on Wednesday it had detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, ...

BP Stock Drills Lower as it Reshuffles Board to Keep Activist Elliott Happy

Shares in oil giant BP (BP) slipped lower today as it looks to continue its shift back towards fossil fuels by hiring two new ...

How Big Is BP’s Stranded Assets Problem?

Green critics of BP's new strategy claim it will lead to stranded assets. it won't. BP's problem is not having enough oil and ...

Upstream Online1h

BP cuts Auchincloss’ salary by 30% on heels of reset strategy

BP revealed on Thursday in its annual report that it cut Auchincloss’ paycheck by 30% in 2024 to £5.4 million ($6.9 million) ...

BP’s Crisis Marks the Tombstone for Big Oil’s Green Pivot

Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas. The chief executive of BP ...

Global Witness1h

BP CEO bags obscene £5.4 million at UK households’ expense

BP CEO Murray Auchincloss earned 143 times more than the average British worker last year, laying bare the financial ...

Blow to hundreds of jobs hopes as BP scraps plan to build green hydrogen plant in UK

The oil and gas giant had hoped the HyGreen plan would create 660 jobs during construction and a further 100 when it was ...

BP cuts renewable investment and boosts oil and gas in strategy shift

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...

MLive - GrandRapids/Muskegon/Kalamazoo on MSN4d

New Michigan mothers to have BP monitors, mental health checks covered by insurance

The new laws require Michigan health professionals to offer mental health screenings at follow-up appointments and child ...

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BP Chief Executive takes huge pay cut

Saudi Aramco weighs bid for BP’s Castrol lubricant assets

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