Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn.
BP shareholders waved through a reduced pay packet for the company's chief executive Bob Dudley.
The man who advised BP on its controversial chief executive pay package has refused to sign-up to the industry's code of conduct, according to reports.
BP’s directors today suffered a symbolic slap in the face after shareholders voted against their pay rises.