Shell’s former chief executive Ben van Beurden received a total pay package of £9.7mn last year, up 53 per cent from 2021, as the oil group delivered a record $40bn in profits.
Van Beurden’s pay included a base salary of £1.42mn, an annual bonus of £2.59mn, paid half in shares and half in cash, and almost £5mn under Shell’s long-term incentive plan.
The sum was an increase from the €7.4mn (£6.57mn) Van Beurden received in 2021 when the company was based in the Netherlands but still less than the €20.14mn he was paid in 2018.
Wael Sawan, who took over from Van Beurden as chief executive in January, will receive a base salary of £1.4mn, the report said.
The salary updates come after a tumultuous year in energy markets driven by Russia’s invasion of Ukraine on February 24 2022.
