Wednesday, May 11, 2022

Fossil Fool Bosses Rewarded

 


Bosses of some of the largest North Sea oil and gas companies have been handed bumper payouts. 

Executives of the 10 largest North Sea operators received a combined £54.4m in their last reported financial year, up from £29.4m a year earlier.

BP’s chief executive Bernard Looney,  his £4.5m pay package is up from £1.7m in 2020.

CEO of North Sea’s largest operator, Harbour Energy’s Linda Cook, landed a £4.6m “golden hello” as part of her £6m pay package.

Shell chief executive Ben van Beurden received £6.1m in 2021, up from £4.9m a year earlier.

French multinational TotalEnergies’ chairman and chief executive Patrick Pouyanné received €5.94m (£5.1m), an increase on €3.92m in 2020.

Smaller operators Spirit Energy, Apache and Ithaca Energy handed their highest paid directors a combined £4.86m in their last reported years.

Ten biggest North Sea oil and gas bosses pay rises to £54m | Executive pay and bonuses | The Guardian

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