The shock exit of former CEO Bernard Looney last year and accusations of “profiteering” have done little to bring about a change in the oil supermajor’s executive pay policy, as it handed new boss Murray Auchincloss £8 million last year.
The firm said Auchincloss’ pay was “broadly in line” with his predecessor Bernard Looney, who shocked the City in September when he announced his sudden departure from BP after admitting he was not “fully transparent'' in his disclosures about past relationships with colleagues. In December, the firm revealed it would strip Looney of £32 million worth of bonuses due to his “serious misconduct”.
