BP’s chief executive Bob Dudley. BP is exploring deals in Iran.

BP has tapped Irishman Bernard Looney and four other top non-US executives to steer efforts by the oil giant to explore for business in Iran without b(...)

 Oil had retreated for almost four weeks amid skepticism about the ability of OPEC to implement a deal at its November 30th meeting. Photograph: Andrey Rudakov/Bloomberg

Oil extended gains near $46 a barrel after its biggest surge in seven months as OPEC boosted efforts to finalise a deal to cut production agreed at a (...)

Martin Sorrell, British businessman and chief executive of advertising group WPP. Photograph: Alexandre Meneghini/Reuters

A third of investors in Martin Sorrell’s WPP failed to back the advertising boss’s £70 million pay package on Wednesday, one of the biggest payouts in(...)

 BP reported a first quarter loss of $583 million  against profits of $2.6 billion a year earlier as it continues to suffer from sharply lower oil prices. (Photograph:  Dominic Lipinski/PA Wire)

BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the year, when oil pr(...)

BP’s chief executive Bob Dudley:  BP shareholders voted on April 14 to oppose his  $20 million pay package for 2015, the rare revolt reflecting outrage after the British oil and gas company recorded its biggest annual loss. Photograph: REUTERS/Suzanne Plunkett/Files

Chief executives’ outsized pay packages are again coming under scrutiny, following a host of controversial pay awards in recent weeks. A fortnight ago(...)

Martin Sorrell: said he had spent more than three decades building WPP from a £1m company into one capitalised at £21bn

Martin Sorrell, the septuagenarian boss of advertising giant WPP, doesn’t like the word “pay”. Instead, it seems, he prefers the term “reward” to desc(...)

A demonstrator from the Sea Shepherd marine conservation organisation protests outside Excel London as BP held its annual general meeting. Photograph:  Justin Tallis/AFp/Getty images

Angry shareholders mounted an unprecedented protest against BP yesterday, rebelling against a 20 per cent pay rise for chief executive Bob Dudley desp(...)

BP chief executive, Bob Dudley Photograph: PA Wire

A majority of BP shareholders voted on Thursday against paying chief executive Bob Dudley a $20 million (€17.7m) pay package for for 2015, in a rare m(...)

BP: its chief executive Bob Dudley is in line for a $19.6 million compensation package for 2015, a year in which  more than 5,000 job losses occurred at the oil and gas company. Photograph: Monika Skolimowska/EPA

BP faces further opposition to its pay at its annual meeting on Thursday after British shareholder advisory group ShareSoc recommended its members vot(...)

Last month Shell announced its annual earnings tumbled to $3.8 billion last year, from $19 billion in 2014

The chief executive of oil giant Royal Dutch Shell saw his annual pay cut after the tumbling cost of crude took its toll on the group. Shell’s latest (...)