May 21, 2018 / 1:06 PM / 3 months ago

BP shareholders approve CEO's pay

MANCHESTER, May 21 (Reuters) - BP 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 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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