BP has suffered its biggest shareholder protest for at least a decade in a snub that overshadowed an emotional send-off for Lord Browne in his final AGM in charge of BP.
More than 17% of those BP investors who voted opposed a “golden goodbye” estimated by some to be worth up to £72m to the man […]

Oil giant Shell may break with a century-old tradition and recruit a new chief executive from outside either the Netherlands or Britain. The prediction came yesterday after the company announced it was looking a replacement for Jeroen van der Veer, the chief executive, who retires in 2009.
Already Shell has persuaded der Veer to sign a […]

The annual bonus for BP’s outgoing CEO John Browne was cut in half last year as oil spills and safety lapses in the United States overshadowed record profits for the oil giant.Browne’s annual performance bonus for 2006 was cut to around $1.74 million.
His basic salary rose to $2.95 million though. In total his total pay […]

Exxon Mobil’s 2006 profit rose to a record US$39.5- billion – the highest ever recorded by a corporation. It has also led to renewed calls over US policies that favour Big Oil.
The figure is up 9% from a year earlier. “T-Rex Tillerson”, Exxon Mobil’s CEO said the 2006 results were “driven by strong results in […]

We don’t want to overdo the concept of “irony” on the blog. But here are a couple to make you think. Here’s the first one: BP’s retiring CEO, Sir John Browne’s, is set to walk of with a retirement pot of $140 million. Not bad eh?
We know he leaves behind chronic failures in BP in […]