Authorization

Shell boss pockets €7.8m in 11% pay rise

Royal Dutch Shell's chief executive, Ben van Beurden, took home almost ?8m in pay and other awards last year - a rise of 11% on 2016.
The oil major's annual report showed his salary rose to €1.32m from €1.29m while he earned €2.6m in bonuses - a leap of 25%. The rest was largely made up of long-term incentive awards.
The company said the package reflected "strong" performance in a year that saw profits climb 242% to €8.5bn.Shell had credited the performance on a recovery in oil and gas prices during a year that saw Brent crude top $70 a barrel for the first time in three years.A supply glut and weaker economic activity had combined to take prices below $30 in early 2016.
An improved refining performance and higher production from new fields was also cited, along with tight cost control.The chair of Shell's remuneration committee, Gerard Kleisterlee, said Mr van Beurden had "delivered on a number of fronts".
More from Business

Brexit: Government 'paranoia' over secret business agreements


Irish economy smiling as GDP growth beats eurozone rivals


Marmite-maker scrapping UK HQ 'not connected' to Brexit


Bank transfer scams cost ?236m and most could not be recovered


Airbus warns on new business Melrose takeover bid for GKN


Rihanna attacks Snapchat over advert that 'joked' about domestic violence

He added: "The CEO has provided strong leadership on the development of Shell's roadmap for the energy transition."The CEO is leading the discussion on our ambition to reduce the net carbon footprint of Shell's energy products in line with society's drive to align with the Paris Agreement goals, an industry first."
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июль 2019    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031