“Cash Machine”: BP Chief Doubles Pay As Company Makes Bank on Soaring Oil Prices
By RT News
BP’s Bernard Looney pay package soared to £4.5mn in 2021, compared with £2.4m the previous year, with half of the money coming from bonuses he received based on “financial performance”.
The oil company had seen its biggest profits in eight years, reaching $12.8bn last year, while in 2020 it reported a loss of $5.7bn.
All due to the rapidly rising oil and gas prices which, in Looney’s words, have turned BP into a “cash machine”.