New BP boss gets £8m pay packet in 2023

BP's new boss Murray Auchincloss received a pay packet worth just over £8m last year. Prior to taking the top job, Mr Auchincloss had worked as BP's chief financial officer. His pay for the year included salary of £1.02m, a bonus of £1.8m and share-based rewards worth worth £4.6m, as well as other benefits. Mr Looney, who earned more than £10m in 2022, saw his own pay fall to £1.18m in the period leading up to his departure. BP previously announced that Mr Looney would forfeit up to £32.4m after his departure, including nearly £25m in long-term share awards.

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