Shell CEO pay up by 50% to $12mn as soaring energy prices boosted profit
The pay package for Shell’s CEO jumped by half last year to nearly USD 12 million, the fossil fuel giant said on Thursday, as oil and gas companies made record profits from skyrocketing energy costs that have driven a cost-of-living crisis.
London-based Shell paid Ben van Beurden a total of 9.7 million pounds (USD 11.5 million) in 2022 as annual company profits doubled to an all-time high of USD 40 billion because Russia’s war in Ukraine sent oil and gas prices soaring.
Van Beurden’s pay includes a 2.6 million-pound bonus and 4.9 million pounds worth of stock, according to the company’s annual report.
