BP PLC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 6, 2026
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Contents
1. How is variable pay linked to performance?
- How is variable pay linked to performance?
| Bonus aligned with company performance | <100% MSRa: 50% paid in cash; 50% in bp shares deferred for three years | |
| >100% MSRa: 67% paid in cash: 33% in bp shares deferred for three years | ||
| Share award for meeting three-year targets | Six-years; three-year performance period + three-year holding period | |
| Long-term shareholding | Built up over five years and maintained for a further two years post-employment |
a MSR: group chief executive to build a shareholding of at least five times salary, and other executive directors four and a half times salary, within five years of appointment.
The three elements described above provide a balance between a focus on short-term, medium-term and long-term performance, while
encouraging behaviours which are in the long-term interests of shareholders. The operation of variable pay is supported by a focus on stewardship.
There is a requirement that the chief executive officer will build up a holding of five times salary, and other executive directors a holding of four and
a half times salary, over a period of five years following appointment and maintain that level during employment and for a further two years post-
employment.
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