London-based BP's disclosure came a day after rival Shell reported a similar multimillion-dollar pay package for its top executive on the heels of both companies posting their highest-ever annual earnings last month.
BP reported in February that its profit doubled to US$28 billion as Russia's invasion of Ukraine sent oil and gas prices soaring. Activist groups such as Global Witness and some opposition lawmakers in Britain have called for expanding taxes on the windfall profits of energy companies and taxing bonuses.
Britain's Liberal Democrat party on Thursday called for a one-off "bonanza bonus" tax for energy company executives after Shell reported that then-CEO Ben van Beurden's pay package jumped by half in 2022, to nearly US$12 million, thanks to a record $40 billion annual profit.
It’s just gross that anyone makes this amount of money a year. It’s excessive and we all know this.
This is disgusting. Down with Big Oil.
As the CEO of BP are they required to send thank you notes to NATO and the UN for creating the high energy costs on the backs of dead civilians
Commies get big mad when other people make money.
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