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BP chief’s pay packet cut in wake of Covid-19 outbreak

Bernard Looney to receive £1.7m – smallest BP boss remuneration package in 18 years

The boss of BP, Bernard Looney, will take home the oil company’s smallest chief executive pay packet in almost two decades after the company cut all bonus payouts in the wake of the Covid-19 outbreak.

Looney will receive £1.735m for the year after taking up the role of chief executive in February 2020, weeks before major economies across Europe were forced to shut down.

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Read the original article at The Guardian

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