BP's CEO, Bob Dudley, could see his pay package increase by 20 percent, bringing total compensation to $19.6 million just as the energy producer sees massive job cuts and a drop in profits.
The controversial move has ruffled the feathers of shareholders, who were quick to announce their objections.
BP's fourth quarter earnings drastically fell 91 percent as the British energy producer was socked by lower oil prices, as well as the cost and blowback from 2010's disastrous Deepwater Horizon in the Gulf of Mexico.