Former BP boss Tony Hayward earned a bonus of nearly £1million from his day job during 2013, it emerged yesterday.
In its latest annual report, oil investment company Genel Energy said chief executive Mr Hayward was paid a salary of £665,000 last year.
His pay was topped up by £166,000 in benefits and a performance-related bonus of £948,000.
His total remuneration package of just under £1.8million was up from one worth £1.69million the year before.
The higher pay came as Genel’s pre-tax profits rocketed by 146%, to £112million, and revenue jumped by more than 4% to £209million.
Genel, which has its registered office on Jersey, was formed in 2011 after Mr Hayward’s Vallares investment vehicle merged with Turkey’s Genel Enerji.
It is steadily building an international exploration and production business founded on a set of assets in the Kurdistan region. Mr Hayward was chief executive of BP from 2007 to 2010, having joined the UK oil giant in 1982 as a rig geologist in Aberdeen.
He was at the helm of BP around the time of the catastrophic Deepwater Horizon blowout in the Gulf of Mexico, famously telling reporters at the height of the crisis in 2010 “I would like my life back”.
After quitting BP in the wake of the disaster, he claimed he had been “demonised and vilified”.
As well as his role at Genel, he is currently interim non-executive chairman of commodity group Glencore Xstrata.