BP’s new supremo, Murray Auchincloss, earned an £8 million payday in his first full year at the oil giant’s helm.
But campaigners blasted the “sickening” sum, arguing it exposes the “broken” realities of an energy industry reaping huge war-fuelled profits while families struggle.
Auchincloss took the controls on an interim basis last September before permanently assuming the role left vacant by predecessor Bernard Looney.
Looney had assumed command in 2020 but made a hasty exit amid a probe into his private relationships. And BP clawed back over £1.8 million in his payout packet.
Auchincloss’s multimillion-dollar fortune included a £1.02 million base salary, a £1.8 million bonus, and £4.6 million in share rewards.
Global Witness railed at BP “patting their CEO on the back with millions” when rocketing oil prices saw the firm net a bountiful $13.8 billion windfall last year.
All the while, ordinary people grapple with soaring costs. The eye-watering pay disparity shows “the sick reality” of an industry that profits enormously from global turmoil.
