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BP shareholders are standing against the $20 million payout for the company's Chief Executive Bob Dudley, according to reports.
On Thursday, 59% of the company's shareholders voted against the pay deal, which increased Dudley's pay and benefits by 20% despite BP planning to cut over 4,000 people from its workforce.
This is a huge reversal when compared to earlier years, when the motion carried shareholder approval of 80-90%.
In response to the vote, Ann Dowling, the head of BP's remuneration committee, is reviewing the company's policy.
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