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Evening Standard
Evening Standard
Business
Mark Banham

BP boss Bernard Looney sees pay nearly double to £4.5 million

British Petroleum Bernard Looney Rosneft

BP CEO Bernard Looney

(Picture: AFP via Getty Images)

BP boss Bernard Looney has been awarded a £4.5 million payday just as UK households face a big rise in household energy bills due to soaring oil and gas prices.

The leap in Looney’s renumeration includes bonuses of £2.4 million as a result of the company’s performance last year, in addition to his £1.3 million salary.

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