BP shareholders vote against CEO Bob Dudley's £14m pay

Bob Dudley has faced severe scrutiny over his pay package. Credit: Reuters

BP's shareholders have voted against CEO Bob Dudley's £14 million pay package by a 59.1% majority.

Many large shareholders had pledged to vote against Mr Dudley's pay, but the revolt is much bigger than expected.

Although the vote is non-binding, it is likely to prove embarrassing for the embattled chief executive, who has faced intense criticism over his substantial remuneration.

Mr Dudley receives a £1.3 million basic salary per month and there are £7.8 million in bonuses. An increase to his pension pot of £4.6 million would see a total pay deal of £13.8 million per year.

Shareholders have said the CEO's package is excessive - particularly at a time of falling profits and massive job cuts.

ITV News Business Editor Joel Hills asked members of the public for their views:

The Institute of Directors warned that such high pay packages risk sending "the wrong message to other companies".

Last year, BP made a £3.6 billion loss and announced thousands of job cuts.