Date: 29 March 2018
BP today published its Annual Report and Accounts (ARA) for 2017 and Annual Report on Form 20-F for the year ended December 31, 2017. The full reports are now available online at www.bp.com.
The ARA includes the 2017 Directors’ Remuneration Report (DRR) which details 2017 remuneration for BP’s executive and non-executive directors.
Key points from the DRR include:
Carl-Henric Svanberg, BP Chairman, said: “2017 was a year which saw delivery and growth across all our businesses. This was an impressive performance from Bob Dudley and his great team, now fully into their stride. The company is in a great position to grow and has a clear strategy for the energy transition.”
Dame Ann Dowling, chair of BP’s Remuneration committee, said: “BP performed strongly in 2017 and over the past three years, generating increasing returns for our shareholders. In deciding executive pay for this period using our new policy, including our considered use of discretion, we believe we have fairly reflected BP’s performance, the experience of shareholders and wider context.”
The 2017 DRR will be voted on at BP’s Annual General Meeting in May.
BP press office, London: +44 (0)20 7496 4076, email@example.com