BP shareholders OK CEO's pay after profits more than double

BP shareholders approved CEO Bob Dudley's salary package by a 96 percent-plus majority following a profitable year, according to Reuters.

Mr. Dudley's salary climbed 13 percent in 2017 to $13.4 million after the company saw production escalate and profits more than double.

In 2016, Mr. Dudley saw his pay slashed 40 percent following shareholder opposition to the oil and gas giant's pay policy.

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