The remuneration package for Kevin Gallagher, chief executive of Australian oil and gas company Santos (ASX:STO), has been criticised as too high with over 25% of shareholders voting against his pay packet.
The chairman and chief executive officer of French energy major TotalEnergies, Patrick Pouyanné, will take home more than €3.9 million following a bumper year for the supermajor.
Shell CEO Ben van Beurden has taken home a whopping £6.1 million pay package following an “impressive financial performance for the oil giant”.
BP CEO Bernard Looney was awarded a total pay package of £1.7million in 2020.
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 executive Ben van Beurden took home nearly £18 million in pay last year as a reward for spearheading the energy giant's "transformation".
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.
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 waved through a reduced pay packet for the company's chief executive Bob Dudley.
BP has agreed to cut chief executive Bob Dudley’s pay by £5million in a bid to avoid a shareholder revolt.
Retired National Grid boss Steve Holliday will start retirement with a £11,000 a week pension.
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.
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.
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 said it has been able to reduce overhead costs after the company's board took a 25% voluntary pay cut.
Negotiations between unions and employers in Norway over pay negotiations has broken down.
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.”
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).
Sir Martin Sorrell, the boss of advertising giant WPP, has defended his £63 million pay package, insisting “if WPP does well, I do well”.
BP Chairman Carl-Henric Svanberg today insisted shareholders’ concerns over directors’ pay had been taken on board after they voted overwhelmingly against rises.
BP’s directors today suffered a symbolic slap in the face after shareholders voted against their pay rises.
BP Chairman Carl-Henric Svanberg today praised his team's "seriously impressive" performance amid the oil downturn.
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's chief executive, Bob Dudley, faced fresh backlash over his pay packet.
Oil major Chevron's chief executive took a 15% drop in his annual salary last year.