Professor Dame Ann Dowling, chair of the remuneration committee, said: 'After a thorough review and extensive shareholder engagement, we believe the new policy is simpler, more transparent and has strategic focus.'

The 2016 DRR and the proposed new policy will be voted on at BP's Annual General Meeting in May.

The full 2016 ARA can now be seen online at: www.bp.com/annualreport; the 2016 DRR can be seen at www.bp.com/remuneration, and on pages 80-110 of the 2016 ARA; and the 2016 Sustainability Report can be seen at www.bp.com/sustainability.

BP plc published this content on 06 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 April 2017 10:09:23 UTC.

Original documenthttp://www.bp.com/en/global/corporate/press/press-releases/bp-publishes-annual-report-for-2016.html

Public permalinkhttp://www.publicnow.com/view/A7CFDA3EEA1EB0F60D2DE0ABC15353D073042868