Bob Dudley

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 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 (...)

Russian President Vladimir Putin with Rosneft chief executive Igor Sechin. The head of  the state-controlled oil company told an energy conference  the world’s top producers would not give ground. Photograph: Reuters

The most powerful figure in Russia’s oil industry yesterday signalled his steadfast opposition to combining with Opec to reverse the crude price rout (...)

 The oil industry giant reported  a $3.3 billion fourth-quarter loss as oil prices continue to fall globally. Photograph: Spencer Platt/Getty Images

Shares in BP fell as much as 10 per cent on Tuesday after the UK oil major reported its worst annual loss of $5.2 billion (€4.76 billion), hit by bill(...)

BP on Tuesday reported an annual loss of $6.5 billion in 2015, its worst in at least 20 years as the British oil and gas company struggled with a sharp downturn in the oil market. (Photograph: Luke MacGregor/Reuters)

BP on Tuesday reported its worst annual loss in at least 20 years and thousands more job cuts as the British oil and gas company grappled with a coll(...)

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