BP plc’s (BP) chief executive Bernard Looney faced a significant blow to his total compensation in 2023, as revealed in the company's annual report. Looney, who resigned abruptly in September 2023, incurred a £1.8 million reduction in his compensation due to the penalties levied by the London-based oil and gas giant.BP attributed the financial setback to Looney's failure to disclose his relationship with colleagues to the company's board, deeming his actions as serious misconduct. The board's decision to di ...