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Remuneration of senior management and non-executive directors
12 Months Ended
Dec. 31, 2024
Related Party [Abstract]  
Remuneration of senior management and non-executive directors Remuneration of senior management and non-executive directors
Remuneration of directors
$ million
2024
2023
2022
Total for all directors
Emoluments
8
8
8
Amounts received under incentive schemesa
5
6
13
Total
13
14
21
aExcludes amounts relating to past directors.
Emoluments
These amounts comprise fees paid to the non-executive chair and the non-executive directors and, for executive directors, salary and benefits earned
during the relevant financial year, plus cash bonuses awarded for the year.
Further information
Full details of individual directors’ remuneration are given in the Directors’ remuneration report on page 88.
Remuneration of directors and senior management
$ million
2024
2023
2022
Total for all senior management and non-executive directors
Short-term employee benefits
22
31
31
Pensions and other post-employment benefits
Share-based paymentsa
26
12
31
Termination benefits
3
Total
51
43
62
a2023 includes a reversal of $14 million relating to the lapse of Bernard Looney's outstanding share awards in prior years.
Senior management comprises members of the leadership team, see page 74 for further information.
Short-term employee benefits
These amounts comprise fees and benefits paid to the non-executive chair and non-executive directors, as well as salary, benefits and cash bonuses for
senior management. Deferred annual bonus awards, to be settled in shares, are included in share-based payments.
Pensions and other post-employment benefits
The amounts represent the estimated cost to the group of providing pensions and other post-employment benefits to senior management in respect of the
current year of service measured in accordance with IAS 19 ‘Employee Benefits’.
Share-based payments
This is the cost to the group of senior management’s participation in share-based payment plans, as measured by the fair value of options and shares
granted, accounted for in accordance with IFRS 2 ‘Share-based Payments’.
Termination benefits
Termination benefits include compensation to senior management for loss of office.
Related party transactions
Transactions between the group and its significant joint ventures and associates are summarized in Financial statements – Note 16 and Note 17. In the
ordinary course of its business, the group enters into transactions with various organizations with which some of its directors or executive officers are
associated. Except as described in this report, the group did not have any material transactions or transactions of an unusual nature with, and did not
make loans to, related parties in the period commencing 1 January 2024 to 14 February 2025.