A payout for the boss of BP has been labelled a “kick in the teeth” for consumers battling the cost of living crisis, as chief executive Bernard Looney saw his pay package more than double to £10m after the oil and gas giant landed record profits linked to the war in Ukraine.
His package included a salary of £1.4m, a bonus of £2.4m – down fractionally on 2021 – and a £6m share award, as well as benefits. The total package was 120% more than the £4.5m he received in 2021.
