Safety will pay at BP
BP CHIEF executive Bob Dudley sent a clear sign on priorities by linking fourth-quarter bonuses entirely to group safety performance.
It comes ahead of a revamp of BP’s pay packages next year expected to place much greater emphasis on health and safety as it seeks to revive a reputation battered by the Gulf of Mexico disaster.
It will affect all 80,000 employees, especially those in front-line exploration, production and refining.
In an email to staff Dudley said: “We are taking this step in order to be absolutely clear that safety, compliance and operational risk management is BP’s number one priority, well ahead of all other priorities.
“We are committed to ensuring that a low-probability, high-impact incident such as the Deepwater Horizon tragedy never happens again. The key to achieving that is rigorous identification and management of every risk we face.”
The group will honour existing bonuses for the first three quarters, which also include financial and operations measures, such as production growth.
Dudley has already launched a restructuring designed to improve safety. Shares rose 3½p to 435¾p.