The Strategist

Shell's head earns over $10 mln in 2023

03/15/2024 - 02:44

The company reported that Wael Sawan made a total of 7.94 million pounds ($10.1 million) in his first year as Shell's CEO.

Chatham House
Chatham House
Sawan receives a basic pay of 1.4 million pounds, an annual bonus of 2.7 million pounds, and a bonus of 2.6 million pounds in the form of shares, which he will only be able to utilize in a few years if the company reaches specific milestones. Furthermore, the executive was paid a total of approximately 335 thousand pounds in different compensations, including relocation-related ones.

In 2022, Ben van Beurden, his predecessor, was paid £9.7 million in compensation, which included bonuses.

Shell's adjusted profit dropped 29% to $28.25 billion last year, as was previously reported.


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