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BP chief takes more than £2.3m pay cut

BP CEO Sees Pay Cut 30% After Profit Miss, Elliott Intervention

BP Plc Chief Executive Officer Murray Auchincloss’ total compensation dropped to £5.36 million ($6.91 million) in 2024, about 30% less than the previous year, after the energy giant’s profits disappointed.

The Mirror · 6h

BP's chief executive takes £2.3m pay cut as the company’s profits slump

This fundamental reset of our strategy demonstrates a clear focus on actions to drive performance improvement and grow cash flow and returns for bp's shareholders'

Evening Standard on MSN · 11h

BP chief take over £2.3m pay cut after slump in profits

BP chief executive Murray Auchincloss took a £2.3m pay cut last year amid a slump in profit at the fossil fuel giant.

MarketWatch · 10h

BP Chief Executive's Pay Falls 31%

The pay of BP's chief executive fell 31% in 2024 as the British oil giant failed to hit several safety, operations and financial-based targets. Murray Auchincloss's total remuneration fell to 5.36 million pounds ($6.

The Financial Times on MSN · 12h

BP chief executive’s pay falls 30% after failing to meet key targets

BP chief executive Murray Auchincloss’s pay fell 30 per cent to £5.36mn last year after the struggling oil major failed to hit profit, operation and safety targets. While Auchincloss’s base salary rose to £1.

Saudi Aramco weighs bid for BP’s Castrol lubricant assets

Reuters on MSN · 1d

Saudi Aramco exploring initial bid for BP's Castrol unit, source says

Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter. BP has been exploring all options around its Castrol business,

Bloomberg L.P. · 1d

Saudi Aramco Weighs Bid for BP’s Castrol Lubricant Assets

Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, according to people with knowledge of the matter.

GlobalData on MSN · 12h

Saudi Aramco eyes acquisition of bp’s Castrol lubricants business

Saudi Aramco is considering a potential acquisition of bp's Castrol lubricant business, which could value the division at approximately $10bn (£7.77bn), reported Bloomberg. BP has been contemplating various options for its Castrol division,

8hon MSN

BP set a bonus target that didn’t even require earnings to grow. The CEO still didn’t earn it.

BP’s under-fire chief executive was awarded no bonus from the company’s financial performance last year as his overall pay ...

13h

BP says CEO Auchincloss's pay package fell to 5.4 million pounds in 2024

BP's CEO Murray Auchincloss earned 5.4 million pounds ($6.95 million) last year, the group said in its annual report on ...

BP Stock Drills Lower as it Reshuffles Board to Keep Activist Elliott Happy

Shares in oil giant BP (BP) slipped lower today as it looks to continue its shift back towards fossil fuels by hiring two new ...

Upstream Online6h

BP cuts Auchincloss’ salary by 30% on heels of reset strategy

BP revealed on Thursday in its annual report that it cut Auchincloss’ paycheck by 30% in 2024 to £5.4 million ($6.9 million) ...

14h

BP's emissions rose in 2024, annual report says

BP's emissions under its operational control and the use of its products rose to 33.6 million metric tons and 322 million ...

How Big Is BP’s Stranded Assets Problem?

Green critics of BP's new strategy claim it will lead to stranded assets. it won't. BP's problem is not having enough oil and ...

BP’s Crisis Marks the Tombstone for Big Oil’s Green Pivot

Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas. The chief executive of BP ...

58mon MSN

Rolls-Royce and BP bosses to scoop millions in 2025 after seeing their pay slashed last year

Rolls-Royce chief exec Tufan Erginbligic (pictured) took a near-£10m pay cut despite leading the engine maker through a ...

The Associated Press - Business News on MSN8d

BP to slash spending on net zero ventures as it focuses on oil and gas again

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

KTAR19h

Man charged with assaulting a Border Patrol agent in southern Arizona

A Mexican man was arrested on Sunday for allegedly assaulting a U.S. Border Patrol agent in southern Arizona, authorities ...

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BP chief takes more than £2.3m pay cut

Saudi Aramco weighs bid for BP’s Castrol lubricant assets

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