Business News

BP CEO Looney's 2021 pay package more than doubles to around $5.9 million

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Key Points
  • The oil and gas chief's pay in 2021 rose to £4.46 million, according to BP's annual report published Friday.
  • BP's 2021 profits hit an eight-year high on higher oil and gas prices, the report also showed.
Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020.
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BP CEO Bernard Looney's total renumeration in 2021 rose to £4.46 million ($5.86 million) from £1.74 million, BP's annual report published on Friday showed.

BP's 2021 profits hit an eight-year high on higher oil and gas prices, after a loss the previous year which was marked by collapsing fuel demand due to coronavirus restrictions.