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flag BP's CEO pay slashed as profits drop post-Ukraine invasion, company shifts focus to fossil fuels.

flag BP's CEO, Murray Auchincloss, saw his pay cut by £2.3 million in 2024 to £5.4 million due to a drop in company profits. flag BP's profits fell by about one-third to £7.2 billion, following a decrease in oil and gas prices after Russia's invasion of Ukraine. flag Under pressure from investors, BP plans to invest more in fossil fuels while cutting spending on renewable energy, though the company still aims for net-zero emissions by 2050.

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