BP CEO sees pay cut 30% after profit miss, Elliott intervention
Murray Auchincloss is in the middle of a roadshow meeting with investors in London in the hope of enlisting support for the company’s new direction.
Offshore Technology on MSN56m
Saudi Aramco eyes acquisition of bp’s Castrol lubricants business
Saudi Aramco is considering a potential acquisition of bp's Castrol lubricant business, which could value the division at ...
U.S. Crude Oil Stockpiles Rise More Than Expected — Commodities Roundup
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 3.6 million barrels to 433.8 million barrels in the week ended Feb. 28 and were about 4% below the five-year average for ...
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 ...
Novara Media1h
BP’s Climate Backtrack Is an Admission It Has Failed
BP’s renewables retreat isn’t because net zero is dead. It’s because BP can’t figure out how to become a key player in the ...
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 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 ...
BP Chief Executive takes huge pay cut as profit slashed at FTSE 100 giant
BP's Chief Executive Murray Auchincloss has accepted a significant decrease in pay, with his earnings for 2024 totalling £5.4 ...
Factbox-European companies cut jobs as economy sputters
(Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe ...
BP Chief Executive's Pay Falls 31%
The pay of BP's chief executive fell 31% in 2024 as the British oil giant failed to hit several safety, operations and financial-based targets. Murray Auchincloss's total remuneration fell to 5.36 ...
Global Witness5h
BP boss earns 143 times more than average worker
Global Witness have revealed that the BP CEO's 2024 pay packet is 143 times higher than the average UK worker. They've ...
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 ...