BP CEO pay doubles to $12M as high energy costs surge profit

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Total pay for BP's CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses. BP said in its annual report that CEO Bernard Looney was paid a total of 10 million pounds ($12 million) in 2022, up from 4.5 million pounds the previous year. Looney's pay package includes a cash bonus of 2.4 million pounds and 6 million pounds in bonus company stock.
 
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