BP chief executive’s pay falls 30% after failing to meet key targets

BP CEO sees pay cut 30% after profit miss, Elliott intervention

Murray Auchincloss is in the middle of a roadshow meeting with investors in London in the hope of enlisting support for the company’s new direction.

BP chief take over £2.3m pay cut after slump in profits

BP chief executive Murray Auchincloss took a £2.3m pay cut last year amid a slump in profit at the fossil fuel giant.

BP chief executive’s pay falls 30% after failing to meet key targets

Murray Auchincloss’s share awards drop sharply to £2.75mn, compared with £4.36mn in 2023

BP CEO takes huge pay cut as profit slashed at FTSE 100 giant

The chief executive of BP has taken a £2.3m pay cut as profit was slashed at the FTSE 100 giant. Murray Auchincloss received a pay packet of £5.4m for 2024, down from the £7.7m he received in 2023. The drop came amid a more than £1.1m cut to his bonus to £734,000, and a £1.6m fall in share-related payments to £2.8m. His base salary rose by about £450,000 to £1.5m. Last month it was revealed that BP’s net income fell to $8.9bn (£7.2bn) in 2024, d…