Energy giant BP has told shareholders its net zero transition is “deepened and accelerated” by the Covid-19 pandemic, but kept quiet on the fine print.
BP is reassessing the “chosen venue” for its 2020 Annual General Meeting as the planned site is being converted into a coronavirus field hospital.
BP boss Bob Dudley is planning to step down next year following a decade at the helm of the energy giant.
Energy giant BP will hold its annual general meeting in Aberdeen this year.
BP has announced former Statoil and BG Group CEO Helge Lund as its new chairman.
The former chief executive of BG Group Helge Lund received £5.5million for his 11 months as boss of the company, fresh figures have revealed.
Statoil and former BG Group chief executive Helge Lund is said to be considering a move to Saudi Aramco.
The former boss of Statoil and BG Group has injected cash into a new company with compensation from when he stepped down from his latest role.
BG Group has backed a takeover worth £47billion from oil major Royal Dutch Shell. But what do we know about the Reading-based company? Its roots go back to the 1950s, when the UK's Gas Council began putting resources into liquefied natural gas (LNG) as a potential replacement for manufactured gas. Then, in 1986, British Gas - which contained a major part of the UK's exploration business, was privatised in 1986. Just over 10 years later British Gas was demerged into two separate companies, with BG taking charge of exploration and production and its international downstream operations, as well as its British transmission and distribution business called Transco.
BG Group has revised the salary package for its new chief executive Helge Lund following a backlash from shareholders. Mr Lund, who has been likened to Real Madrid and Portuguese footballer Cristiano Ronaldo because of his superstar status in the global oil and gas industry, was set to get a £12million “golden hello” in shares and the chance to earn £13.5million a year if he hits performance targets. Mr Lund’s share award has been cut from £10million to £4.7million.