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BP CEO Dudley 2015 remuneration rises 20 pct to $19.6 mln

Fri, 04th Mar 2016 10:50

LONDON, March 4 (Reuters) - Oil major BP said onFriday its chief executive Bob Dudley's total remuneration roseby 20 percent in 2015, despite the firm delivering one of thelowest profits in its history.

Dudley's remuneration has for a number of years beenrestated to include the value of BP's contribution to his U.S.retirement savings, BP said in its annual report.

Chairman Carl-Henric Svanberg said in the report that in thecurrent low oil price environment BP aims to rebalance sourcesand uses of cash to ensure it covered capital expenditure andshareholder distributions with operating cash flow. (Reporting by Dmitry Zhdannikov; Editing by Alexander Smith)

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