Shell’s former chief govt Ben van Beurden obtained a complete pay bundle of £9.7mn final 12 months, up 53 per cent from 2021, because the oil group delivered a file $40bn in income.
Van Beurden’s pay included a base wage of £1.42mn, an annual bonus of £2.59mn, paid half in shares and half in money, and nearly £5mn below Shell’s long-term incentive plan.
The sum was a rise from the €7.4mn (£6.57mn) Van Beurden obtained in 2021 when the corporate was based mostly within the Netherlands however nonetheless lower than the €20.14mn he was paid in 2018.
Wael Sawan, who took over from Van Beurden as chief govt in January, will obtain a base wage of £1.4mn, the report mentioned.
The wage updates come after a tumultuous 12 months in power markets pushed by Russia’s invasion of Ukraine on February 24 2022.
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