Scott Tracey used the popular meme from 2004 film Downfall, in which Hitler confronts his generals in his bunker, to portray scenes from company wage negotiations.
The video was posted on a closed Facebook site and titled “Hitler Parody EA Negotiations not going the [company’s] way”.
BP said the “inappropriate” video had likened managers to Hitler and Nazis, and Mr Tracey lost an unfair dismissal case in September last year which ruled that it was offensive.
But in February, Mr Tracey won his job back following an appeal judgement after insisting the video was meant to be humorous and it did not directly identify BP.
He returned to work in March this year at the BP Kwinana oil refinery in south-west Perth.
Following a two-year legal battle, Mr Tracey was awarded $177,325 in wages and lost bonuses, minus tax, and also $24,070 in superannuation or pension payments.
Australian secretary Brad Gandy, who represented Mr Tracey, told the Sydney Morning Herald the payout didn't make up for the "unnecessary drama and heartache Mr Tracey has been dragged through".
He added: "We hope this marks the end of a truly unedifying chapter for BP management.
"To dig in and drag an honest worker through nearly two years of stress and uncertainty, all because a few stuffed shirts didn't get a joke, is poor corporate behaviour."
BP wanted money to be deducted from the payout on the grounds that the sharing of the video among colleagues was misconduct.
The company also argued that Mr Tracey could have found work during the trial. But the Fair Work Commission argued that was no evidence to suggest that Mr Tracey had not searched for employment.
The Evening Standard has contacted BP for a comment.