BP CEO Bernard Looney’s 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiralling energy prices, while BP’s emissions were broadly unchanged, its annual report showed on Friday. Moneyweb BPDividend
BP CEO Bernard Looney’s 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiralling energy prices, while BP’s emissions were broadly unchanged, its annual report showed on Friday. BP reported a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. Looney’s base salary of 1.
Emissions BP’s emissions in 2022 were broadly unchanged from the previous year at around 340 million tonnes of CO2 equivalent, according to its annual report and Reuters calculations. Unlike Shell, BP in its figures excludes emissions from fuels it sells that are derived from crude oil it does not produce. BP has already achieved its 2025 aim of reducing its well-to-forecourt emissions by 10-15% against a 2019 baseline.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Low growth worries Momentum Metropolitan CEONew business volume falls almost a fifth but half-year headline earnings leap
Read more »
WATCH: JSE’s diversification strategy bears fruitBusiness Day TV speaks to JSE CEO Leila Fourie
Read more »
Nedbank CEO Mike Brown on government ‘crisis’Shareholders will receive a cash windfall, even as CEO Mike Brown warns of increasing business paralysis over state failures.
Read more »
Nedbank CEO Mike Brown on government ‘crisis’Shareholders will receive a cash windfall, even as CEO Mike Brown warns of increasing business paralysis over state failures.
Read more »
Little Ashford temporarily closed, 'silence not a lack of compassion', says CEOThe temporary shutdown of the Bedfordview preschool follows the death of 3-year-old Kganya Mokhele, after a two-metre-tall bookshelf fell on him on Tuesday.
Read more »
Nedbank CEO Mike Brown on government ‘crisis’Shareholders will receive a cash windfall, even as CEO Mike Brown warns of increasing business paralysis over state failures.
Read more »