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