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BP shareholders approve CEO's pay

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BP shareholders approve CEO's pay
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MANCHESTER (Reuters) – BP <BP.L> shareholders on Monday approved Chief Executive Bob Dudley’s 2017 remuneration package by a more than 96 percent majority.

Dudley’s remuneration rose by 13 percent to $13.4 million (10 million pounds) last year as the oil and gas giant’s profit more than doubled and production soared.

In 2016 Dudley’s pay package was cut by 40 percent after a majority of shareholders opposed the company’s pay policy.

(Reporting by Ron Bousso; Editing by David Goodman)

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