The pay of BP’s boss, Bernard Looney, ballooned to nearly £4.5m in 2021, after soaring energy prices transformed the company into a “cash machine”, reigniting calls for a windfall tax on oil companies.
Looney, who in February announced BP was selling its 20% stake in the Kremlin-controlled oil company Rosneft after coming under pressure from the UK government, enjoyed an inflated pay packet thanks to £2.4m in bonuses based on financial performance.
