Tags: shell ceo pay | oil and gas | energy prices

Former Shell CEO's Pay Jumped 53% in 2022

Former Shell CEO's Pay Jumped 53% in 2022
CEO of Royal Dutch Shell Ben van Beurden, pictured in a meeting with Russian President Vladimir Putin in Moscow in 2017. (AP)

Thursday, 09 March 2023 12:35 PM EST

Shell's former chief executive, Ben van Beurden, received a pay package of 9.7 million pounds ($11.5 million) last year, up 53% from 2021, the group said in its annual report Thursday.

The oil major delivered a record $40 billion profit in 2022, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns.

Van Beurden was paid 7.4 million euros ($7.8 million) in 2021 - a different currency because Shell had yet to move its headquarters from the Netherlands to Britain.

He was replaced at the helm by Wael Sawan, former head of Shell's gas and renewables business, at the beginning of this year.

The annual report said Sawan was appointed on a salary of 1.4 million pounds, a pay component typically outstripped by additional performance-related payments. ($1 = 0.8435 pounds) ($1 = 0.9475 euros)

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
Shell's former chief executive, Ben van Beurden, received a pay package of 9.7 million pounds ($11.5 million) last year, up 53% from 2021, the group said in its annual report Thursday.
shell ceo pay, oil and gas, energy prices
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2023-35-09
Thursday, 09 March 2023 12:35 PM
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