LONDON — Total pay for BP’s CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses.
BP reported in February that its profit doubled to $28 billion as Russia’s invasion of Ukraine sent oil and gas prices soaring.Fat profits at fossil fuel giants and big salaries for top executives have spurred demands for the companies to do more to shield consumers from high energy costs that have fueled decades-high inflation and ratcheted up utility bills.
It’s a “twisted irony” that a wealthy minority got even richer “precisely because bills have been so unaffordable for the majority,” said Jonathan Noronha-Gant, a senior campaigner at Global Witness. The proposed tax is similar to a levy on bankers’ bonuses that the U.K. government imposed in 2009-10 amid the fallout of the global financial crisis.
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BP CEO pay doubles to $12M as high energy costs surge profitTotal pay for BP's CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses. Push the narrative. Did you ever think that the oil industry reacts to what the policy? Biden shuts down drilling and exploration killing supply but the demand continues. Who do think is making money? Stupid crap. It was nice when news reported news and didn’t play the politics The deliberate spin and misinformation is staggering in this piece.
Source: wjxt4 - 🏆 246. / 63 Read more »
BP CEO pay doubles to $12M as high energy costs surge profitTotal pay for BP's CEO more than doubled to $12 million last year, the energy giant says. So? Tell him he’s welcome from me and everyone else they are ripping off. This is not a suprise at all
Source: ABC - 🏆 471. / 51 Read more »
BP CEO pay doubles to $12 million as high energy costs surge profitBP said in its annual report that CEO Bernard Looney was paid a total of 10 million pounds ($12 million) in 2022, up from 4.5 million pounds the previous year. As I recall the media was 100% backing Biden. Enjoy
Source: wsfa12news - 🏆 338. / 59 Read more »
Shell CEO pay up 50% as soaring energy prices boosted profitThe pay package for Shell's CEO jumped by half last year to nearly $12 million, the fossil fuel giant said Thursday, as oil and gas companies made record profits from skyrocketing energy costs that have driven a cost-of-living crisis. As Joe Biden refuses to allow oil drilling in Alaska. I didn’t think the President had control of oil prices If only our government was 'For the People'.
Source: wjxt4 - 🏆 246. / 63 Read more »
BP CEO pay more than doubles to $12 million; emissions unchangedBP CEO Bernard Looney's 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiralling energy prices, while BP's emissions were broadly unchanged, its annual report showed on Friday. I like how you compare ceo pay to emissions, and not something relevant like median or bottom worker pay. 👍 May as we'll make it while he can because Biden doesn't want him to make money. Meanwhile Hunter makes a million for doing nothing
Source: Reuters - 🏆 2. / 97 Read more »