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Dudley's salary was up 13 percent from 2016, when his pay
package was cut by 40 percent after a majority of shareholders
opposed the company's pay policy.
Royal Dutch Shell Chief Executive Ben van Beurden saw his total
remuneration in 2017 rise to 8.9 million euros ($11 million)
from 8.6 million euros the previous year.
(Graphic: BP CEO Pay - https://reut.rs/2pO1ykw)
"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," BP Chairman
Carl-Henric Svanberg said in a statement.
Dudley, 61, took the helm of BP in 2010, months after a deadly
spill on the Deepwater Horizon platform in the Gulf of Mexico.
BP has since paid more than $65 billion in clean-up costs, fines
and lawsuits, some of which are still ongoing.
After selling oil and gas fields, refineries and other assets
since the spill, 2017 marked one of the strongest years of
growth in BP's history after it launched 7 new projects.
It plans to start six additional fields this year, which will
help it boost its production by 900,000 barrels of oil
equivalent per day (boed) by 2021. BP's production rose 12
percent in 2017 to 2.47 million boed.
(For a graphic on BP profits click http://reut.rs/2Ba1v97)
BP's current pay policy, which applies until 2019, includes
lowering Dudley's maximum long-term payout to five times salary
from seven times and cutting bonus payments by a quarter.
($1 = 0.8118 euros)
(Reporting by Ron Bousso; Editing by Alexander Smith)
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