BP plc

Company characteristics

Assessed report publication year
Financial year end 31/12/23
Sector Energy
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 83,444,579,200
Net profit margin 7.45%
CEO tenure 0.3 years
Employee count 79,400
FRF draft assessment response No

Reward scrutiny

Living wage accredited Yes Living wage (calculation for operating regions) No
Living hours accredited No Tax reporting (GRI 207) Yes

Remuneration policies

Remuneration committee 100% independent No Remuneration committee discretion applied Yes
Remuneration committee discretion (direction) Down
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 9,209,000 CEO total pay change -8.15%
CEO pay ratio (to median employee) 103:1 Percentage point increase in maximum variable remuneration 225%
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO
Gender pay gap (mean data) 4.6%: BP express shopping 12.9%: BP plc 14.2%: BP exploration 13.3%: BP Oil 18.2%: BP Pulse 11.7%: BP Lubricants Gender pay (women % in top quartile) 32% (BP PLC)
Ethnicity pay gap (disclosure) Yes Total dividend (USD) 4,969,262,080