Release date: 6 April 2017
BP today published its 2016 Annual Report and Accounts (2016 ARA) and 2016 Sustainability Report. The reports contain detailed information on BP’s financial and non-financial performance, progress and activities in 2016 and on the Group’s strategy.
The 2016 ARA includes the 2016 Directors Remuneration Report (DRR) which sets out 2016 remuneration for BP’s directors and describes the new remuneration policy that BP is proposing for 2017-19. Key points from the DRR include:
Professor Dame Ann Dowling, chair of the remuneration committee, said: “After a thorough review and extensive shareholder engagement, we believe the new policy is simpler, more transparent and has strategic focus.”
The 2016 DRR and the proposed new policy will be voted on at BP’s Annual General Meeting in May.
The full 2016 ARA can now be seen online at: www.bp.com/annualreport; the 2016 DRR can be seen at www.bp.com/remuneration, and on pages 80-110 of the 2016 ARA; and the 2016 Sustainability Report can be seen at www.bp.com/sustainability.