BP Shareholders Approve CEO's Pay

BP shareholders on Monday approved Chief Executive Bob Dudley's 2017 remuneration package by a more than 96 percent majority.

Dudley's remuneration rose by 13 percent to $13.4 million last year as the oil and gas giant's profit more than doubled and production soared.

In 2016 Dudley's pay package was cut by 40 percent after a majority of shareholders opposed the company's pay policy.

Reporting by Ron Bousso