LONDON, (Reuters) – BP Chief Executive Bob Dudley’s remuneration rose to $13.4 million in 2017, when the oil and gas giant’s profits more than doubled and production soared.
Dudley’s salary was up 13 percent from 2016, when his pay package was cut by 40 percent after a majority of shareholders opposed the company’s pay policy.
Royal Dutch Shell Chief Executive Ben van Beurden saw his total remuneration in 2017 rise to 8.9 million euros ($11 million) from 8.6 million euros the previous year.
“2017 was a year which saw delivery and growth across all our businesses. This was an impressive performance from Bob Dudley and his great team, now fully into their stride,” BP Chairman Carl-Henric Svanberg said in a statement.
