BP CEO Looney’s 2021 salary package will more than double to around $5.9 million

FILE PHOTO: BP’s new Chief Executive Bernard Looney speaks during a Q&A in central London, Britain February 12, 2020. REUTERS/Toby Melville

March 18, 2022

LONDON (Reuters) – BP CEO Bernard Looney’s total compensation for 2021 rose to 4.46 million pounds ($5.86 million) from 1.74 million, BP’s annual report released on Friday showed.

BP’s profits in 2021 hit an eight-year high on higher oil and gas prices, after a loss the previous year marked by a slump in fuel demand due to coronavirus restrictions.

($1 = 0.7614 pounds)

(Reporting by Shadia Nasralla; Editing by Jason Neely)