BP 2013 Annual Report Download - page 96

BP Annual Report and Form 20-F 201392
Remuneration statistics and comparisons
The information below is provided according to the requirements and
definitions included in UK regulations.
Historical TSR performance
This graph shows the growth in value of a hypothetical £100 holding in
BP p.l.c. ordinary shares over five years, relative to the FTSE 100 Index of
which the company is a constituent. The values of the hypothetical £100
holdings at the end of the five-year period were £117.33 and £188.41
respectively.
History of CEO remuneration
Year CEO
Total
remuneration
(thousand)a
Annual bonus
% of
maximum
Performance
share vesting
% of maximum
2009 Hayward £6,753 89%b17.5%
2010cHayward £3,890 0% 0%
Dudley $7,722 0% 0%
2011 Dudley $8,312 67% 16.7%
2012 Dudley $9,184 65% 0%
2013 Dudley $13,179 88% 39.5%
a Total remuneration figures include pension and are shown as reported each year in the
respective directors’ remuneration report with the exception of 2012 which is restated in line with
the figure reported in the single figure table in this report.
b 2009 annual bonus did not have an absolute maximum and so is shown as a percentage of the
maximum established in 2010.
c 2010 figures show full year total remuneration for both Hayward and Dudley, although Dudley
did not become CEO until October 2010.
2008 2009 2010 2011 2012 2013
BP
FTSE 100
£50
£100
£150
£200
Value of hypothetical £100 holding
Relative importance of spend on pay
Key expenditure areas
2013
(million)
2012
(million) % change
Remuneration paid to all
employeesa$13,654 $13,448 1.5%
Distributions to shareholders (total) $12,404 $6,276 97.6%
Dividendsb$6,911 $6,276
Buybacksc$5,463 $0
Capital investmentd$24,600 $23,950 2.7%
a Total remuneration reflects overall employee costs. See Financial statements – Note 33 for
further information.
b Dividends includes both scrip dividends as well as those paid in cash. See Financial statements
– Note 12 for further information.
c See Financial statements – Note 31 for further information.
d Capital investment reflects organic capital expenditure. See footnote d on page 236 for further
information.
Percentage change in CEO remuneration
Comparing 2013 to 2012 Salary Benefits Bonus
% Change in CEO remuneration 2.8% 4.7%40%
% Change in comparator group
remunerationa3.3% 0%b30%
a The comparator group comprises some 40% of BP’s global employee population being
professional/managerial grades of employees based in the UK and US and employed on more
readily comparable terms.
b There was no change in employee benefits level overall. Those benefits that are linked to salary
have changed in line with base salary increases.