Shell CEO's pay package rises almost 9% to around $11 million
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Shell CEO Wael Sawan's pay rose to $11 million in 2024 despite a 16% profit drop. Shell increased its dividend by 4% and extended its share buyback programme.
LONDON (Reuters) - The pay package for Shell Chief Executive Wael Sawan was 8.6 million pounds ($11.10 million) for 2024 compared with 7.9 million pounds in the previous year, Shell's annual report showed on Tuesday.
In January, Shell reported a 16% drop in profit for 2024 to $23.7 billion amid weakness in oil and gas prices and in demand, but it raised its dividend by 4% and extended its share buyback programme.
($1 = 0.7749 pounds)
(Reporting by Shadia Nasralla; Editing by Kirsten Donovan)
The article discusses the increase in Shell CEO Wael Sawan's pay to $11 million in 2024, despite a drop in company profits.
Shell reported a 16% drop in profit for 2024, amounting to $23.7 billion.
Shell raised its dividend by 4% and extended its share buyback programme.
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