BP CEO Looney takes £1.7m pay package in 2020
BP CEO Bernard Looney was awarded a total pay package of £1.7million in 2020.
pay
Competitive salaries vital for bringing in new talent
Despite a weakening global economic outlook, I believe we are working in a local business environment of pragmatic optimism. Sustained recovery in the oil and gas sector, technology innovation and diversification activities are contributing to business growth and new employment opportunities.
Shell chief exec pockets nearly £18m in 2018
Shell chief executive Ben van Beurden took home nearly £18 million in pay last year as a reward for spearheading the energy giant's "transformation".
Anger as report reveals chief executives’ pay increased by 11% in past year
The pay of company chief executives has soared by 11% in the past year, with median salaries of just under £4 million, a new study reveals.
Women ‘still pay price’ in oil and gas industry
The row over the salaries paid to male presenters at the BBC has reignited the question: why is there such an imbalance between the sexes when it comes to the size of their wage packet?
BP shareholders approve reduced Dudley pay and new pay policy
BP shareholders waved through a reduced pay packet for the company's chief executive Bob Dudley.
BP cuts CEO Dudley’s pay to avoid shareholder revolt
BP has agreed to cut chief executive Bob Dudley’s pay by £5million in a bid to avoid a shareholder revolt.
National Grid boss to start retirement with £11,000 a week pension
Retired National Grid boss Steve Holliday will start retirement with a £11,000 a week pension.
Baker Hughes introduces 5% pay cut for US staff
Baker Hughes is said to be cutting its pay for US workers by 5% in a bid to reduce costs and lessen the need for additional job reductions.
Top three Statoil bosses achieved NOK45.4mln combined salary in 2015
Reports by a left-leaning newspaper in Norway have revealed the top three bosses at Statoil received combined earnings last year of up to 45.4million Kroner.
Strike action looms again in Norway for more than 600 workers
SAFE union has warned more than 600 workers could go on strike later this week if an agreement is not reached with the Norwegian Oil Industry Association (NOIA).
Nostra Terra cuts board member pay by 25%
Nostra Terra said it has been able to reduce overhead costs after the company's board took a 25% voluntary pay cut.
Pay talks between Norwegian unions and oil firms break down
Negotiations between unions and employers in Norway over pay negotiations has broken down.
Shell faces opposition on CEO’s pay as bonus seen as excessive
Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
Centrica chief Ian Conn faces anger over £3m pay deal at energy giant’s AGM
The boss of British Gas owner Centrica has faced investor anger over his £3 million pay package during the company’s annual general meeting (AGM).
The rise of the ‘Shareholder Spring’
Sir Martin Sorrell, the boss of advertising giant WPP, has defended his £63 million pay package, insisting “if WPP does well, I do well”.
Chairman insists shareholders upset has been taken on board
BP Chairman Carl-Henric Svanberg today insisted shareholders’ concerns over directors’ pay had been taken on board after they voted overwhelmingly against rises.
BP hit with ‘symbolic slap’ after shareholders vote against pay rise
BP’s directors today suffered a symbolic slap in the face after shareholders voted against their pay rises.
BP chairman says directors’ pay reflects their ‘outstanding year’
BP Chairman Carl-Henric Svanberg today praised his team's "seriously impressive" performance amid the oil downturn.
BP boss Dudley faces shareholders amid anger over pay package
BP chief executive Bob Dudley will face shareholders on Thursday amid investor anger over his 19.6 million dollar (£13.8 million) pay package when they gather for the oil giant’s annual general meeting.
BP boss faces fresh backlash over pay
BP's chief executive, Bob Dudley, faced fresh backlash over his pay packet.
Chevron chief exec’s salary drops 15%
Oil major Chevron's chief executive took a 15% drop in his annual salary last year.
Statoil employees receive bonuses
Statoil employees been awarded bonuses of more than NOK50,000 on their average pay.
Oil workers’ pay rose 2.3% in Norway last year
The average pay for oil and gas workers rose by 2.3% last year, despite a reduction in the global oil price.
Misconceptions about pay puts school leavers off apprenticeships, study finds
Many school leavers in Scotland are being put off joining apprenticeship programmes due to widespread misconceptions about pay and qualifications, a study suggests.