The group’s chief executive took home $12.7m (£8.3m) last year after slashing 300 jobs and failing to meet safety targets

Bob Dudley, the chief executive of oil group BP, enjoyed a 25% pay rise to $12.7m (£8.3m) last year after implementing a raft of job cuts, imposing a company salary freeze and missing all safety targets for the year.

In January, Dudley sent a memo to staff outlining his decision to hold pay for the group’s 84,000 staff at last year’s levels because of the harsh trading environment, just weeks after announcing 300 job cuts at BP’s operations in Aberdeen.

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