BP CEO Looney’s 2021 pay package more than doubles to around $5.9 million

BP CEO Looney’s 2021 pay package more than doubles to around .9 million

Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020.

Bloomberg | Getty Images

BP CEO Bernard Looney’s total renumeration in 2021 rose to £4.46 million ($5.86 million) from £1.74 million, BP’s annual report published on Friday showed.

BP’s 2021 profits hit an eight-year high on higher oil and gas prices, after a loss the previous year which was marked by collapsing fuel demand due to coronavirus restrictions.

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