Shell’s Former CEO Was Paid £9.7 Million Amid Record Profits (1)

Shell Plc’s outgoing Chief Executive Officer Ben van Beurden was paid £9.7 million last year, a jump of 53%, as the company made record profits from soaring fossil fuel prices.

The payout was the last for van Beurden, who has handed the reins to Wael Sawan. The new CEO will have a base salary of £1.4 million this year and target bonus of 125% of that, according to Shell’s annual report.

Ben van Beurden

Photographer: Chris Ratcliffe/Bloomberg

“2022 has been a year full of challenge, but also of significant financial, operational and strategic achievements,” Shell said in the report published on Thursday. “This ...