BP: CEO Dudley Total Compensation Rose to More Than $15 Million in 2014
March 03 2015 - 5:58PM
Dow Jones News
By Justin Scheck
BP PLC (BP) Chief Executive Bob Dudley saw his total
compensation including pension increase to more than $15 million in
2014, up about $700,000 from 2013, during a year when the company
took a quarterly loss, according to its annual report released
Tuesday.
Mr. Dudley received more money even though his 2014 bonus was
slashed to about $1 million, down about $1.3 million from 2013, the
report said. Mr. Dudley came out with more money largely through
$3.4 million in payments from his 2011 bonus that he had
deferred.
With those deferred payments, Mr. Dudley's total
compensation--including benefits, shares and pension--was about
$15.3 million in 2014. His total compensation in 2014 was about
$14.6 million.
Write to Justin Scheck at Justin.Scheck@wsj.com
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