By David Sheppard and Peg Mackey LONDON, March 6 (Reuters) - Oil and gas major BP Plc more than tripled Chief Executive Bob Dudley's pay last year,the firm's annual report showed on Thursday, with cash andperformance-related bonuses taking his total remuneration to$8.7 million. The payout came as the CEO works to right the course of BPfollowing the 2010 Gulf of Mexico oil spill and streamline thebusiness, returning cash to shareholders. Dudley was awarded a cash bonus of $2.3 million and sharesworth $4.5 million in 2013, the report showed, on top of hisbase salary of $1.8 million. That $8.7 million total compareswith $2.6 million in 2012. "BP has made strong progress over the past three years underBob Dudley's leadership, particularly in areas such as safety,operations and building for the future through reservereplacement, and his remuneration reflects this," said a BPspokesman. "The great majority of his potential pay is directlydependent on BP's performance in areas essential both to thedelivery of the company's strategy and to the long-terminterests of its shareholders." Criteria for the performance-related scheme were set out in2010, when Dudley replaced Tony Hayward as CEO, and the sharesawarded to the BP chief are due to vest for the first time thisyear. Dudley would have been paid far more through theperformance scheme if BP's shareholder returns had been higher. The share price remains below the level it first reboundedto in 2011, as long-running lawsuits related to the Gulf ofMexico spill have sapped BP's performance, even as Dudley movesto reshape the company. Dudley's pay is still below some other CEO's at rival oiland gas majors. Exxon Mobil CEO Rex Tillerson was paid atotal of $40 million in 2012, according to the latest figuresavailable. Based on the current share price BP is valued at $90.4billion compared to Exxon's $405.3 billion marketcapitalisation.
UK dividends calendar - next 7 days
Friday 22 March | |
easyJet PLC | dividend payment date |
FRP Advisory Group PLC | dividend payment date |
Gulf Investment Fund PLC | dividend payment date |
Henderson Opportunities Trust PLC | dividend payment date |
Hercules Site Services PLC | dividend payment date |
Impax Asset Management Group PLC | dividend payment date |
JLEN Environmental Assets Group Ltd | dividend payment date |
JPMorgan Multi-Asset Growth & Income PLC | dividend payment date |
Mattioli Woods PLC | dividend payment date |
Mobeus Income & Growth 2 VCT PLC | dividend payment date |
Mobeus Income & Growth 4 VCT PLC | dividend payment date |
Ramsdens Holdings PLC | dividend payment date |
Riverstone Credit Opportunities Income PLC | dividend payment date |
Ruffer Investment Co Ltd | dividend payment date |
Samuel Heath & Sons PLC | dividend payment date |
Troy Income & Growth Trust PLC | dividend payment date |
Unilever PLC | dividend payment date |
Monday 25 March | |
AstraZeneca PLC | dividend payment date |
Endeavour Mining PLC | dividend payment date |
Mountview Estates PLC | dividend payment date |
Shell PLC | dividend payment date |
Tuesday 26 March | |
no events scheduled | |
Wednesday 27 March | |
abrdn Diversified Income & Growth PLC | dividend payment date |
Thursday 28 March | |
Alliance Trust PLC | dividend payment date |
Balanced Commercial Property Trust Ltd | dividend payment date |
Berkeley Group Holdings PLC | dividend payment date |
BHP Group Ltd | dividend payment date |
BlackRock Energy & Resources Inc Trust PLC | ex-dividend payment date |
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BlackRock Throgmorton Trust PLC | dividend payment date |
BP PLC | dividend payment date |
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CT UK Capital & Income Investment Trust PLC | dividend payment date |
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Diversified Energy Co PLC | dividend payment date |
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Gateley Holdings PLC | dividend payment date |
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Hargreaves Lansdown PLC | dividend payment date |
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Smith & Nephew PLC | ex-dividend payment date |
Taylor Wimpey PLC | ex-dividend payment date |
Thames Ventures VCT 2 DSO 1 D PLC | dividend payment date |
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Utilico Emerging Markets Trust PLC | dividend payment date |
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VH Global Sustainable Energy Opportunities PLC | dividend payment date |
Volution Group PLC | ex-dividend payment date |
Wynnstay Group PLC | ex-dividend payment date |
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