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This is because Kloppers has done without an annual bonus for the 2011-12 financial year.
The BHP Remuneration Committee also decided to freeze his base salary at $US2,210,000 for a year.
According to BHP’s annual report, Kloppers advised the remuneration committee that he did not wish to be considered for a short-term incentive for the 2011-12 year.
This was due to the impairment the company recorded against the carrying value of the Fayetteville shale gas assets it bought from Chesapeake Energy in 2011.
The committee agreed with that decision.
It also decided not to award him any deferred shares.
Kloppers could have been paid 160% of his $US2,201,000 ($A2,103,605) base salary.
In the previous year BHP opted to pay Kloppers 69% of what it could have under the STI, meaning he received $US2,351,448 and the same amount in deferred shares that vest in two years.
He also received a $US3,441,000 long-term incentive payment. This took his annual pay to $US6,631,744, down considerably on the $US11,059,137 he received for the 2010-11 financial year.
