Ex-Shell chief Ben van Beurden’s pay jumped to £9.7mn last year

Ben van Beurden's pay jumped to £9.7mn last year as Shell posted record profits of $40bn. Wael Sawan and Sinead Gorman also received big payouts, while 81,000 employees received a one-off 8% of salary payment.

March 10, 2023 . 9:37 PM

1 min read

Shell's former chief executive Ben van Beurden received a total pay package of £9.7mn last year, a 53% increase 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, and almost £5mn under Shell’s long-term incentive plan.
Wael Sawan, who took over from Van Beurden as chief executive in January, will receive a base salary of £1.4mn, a target bonus of 125% of salary and a maximum bonus of 250%.
Sinead Gorman, who was appointed chief financial officer in April 2022, was paid £2.9mn, with her base salary rising by 2.8% this year to £925,000.
Shell also made a one-off “special” payment last year to 81,000 employees of 8% of salary.