FILE PHOTO: BP Chief Executive Bernard Looney delivers a speech in London, Britain February 12, 2020. REUTERS/Toby Melville

LONDON, March 10 (Reuters) – BP chief executive Bernard Looney’s total compensation for 2022 has more than doubled from £4.46million in 2021 to £10.03million (£11.99 million), according to BP’s annual report released on Friday.

BP posted a record $28 billion profit in 2022 and raised its dividend, but angered climate activists by backtracking on plans to cut oil and gas production and cut carbon emissions by 2030.

(Reporting by Shadia Nasralla; editing by John Stonestreet; editing in Spanish by Darío Fernández)

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