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Energy Voice | BP chief executive pockets £11.2million in 2018

BP chief executive Bob Dudley pocketed £11.2million in 2018, amid an “exceptional year” for the energy giant.

Mr Dudley’s base salary remained the same as 2017 at £1.4m, with the remainder of the pay package through other means including £8.4m awarded in performance shares.

The results were revealed in the supermajor’s annual report.

However, it is a 2.6% drop from 2017’s overall pay which was £11.5m and £6.6million less than his contemporary, Shell CEO Ben van Beurden who took home a total of £17.8m last year.

The drop comes as a result of reduced annual bonus and pension.

BP posted profits before interest and tax of £14.7billion in 2018, more than double that of 2017 at £7.1bn.

Shell on the other hand reported pre-tax profits of £27bn.

Meanwhile, BP’s chief financial officer Brian Gilvary took home a total of £7.9m last year, up from £7.1m in 2017.

As with Mr Dudley, a significant portion of his pay package came from the award of performance shares, with Mr Gilvary receiving £4million-worth in 2018.

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