Shell CEO’s pay jumps 60% despite slump in oil firm’s profits

The Guardian - World NewsEN 3 min read 100% complete by Lauren AlmeidaMarch 12, 2026 at 11:31 AM
Shell CEO’s pay jumps 60% despite slump in oil firm’s profits

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Shell CEO Wael Sawan's compensation increased by over 60% to £13.8 million in 2025, despite the company's annual profits falling by 22% to $18.5 billion due to weaker oil prices. The majority of Sawan's pay package consisted of bonuses, including a £2.7 million annual bonus and a £9.1 million share award tied to long-term targets. The pay increase, revealed in Shell's annual report, has drawn criticism from pay campaigners, particularly amid concerns about rising energy and fuel prices linked to Middle East tensions. The High Pay Centre thinktank noted this trend reflects a broader pattern of increasing executive compensation among top FTSE 100 companies, potentially driven by a desire to compete with US firms. Sawan's compensation package is expected to be among the highest in the FTSE 100.

Keywords

shell 100% wael sawan 90% executive compensation 90% ceo pay 80% energy prices 70% oil company profits 70% bonuses 60% middle east conflict 50% fossil fuels 50% ftse 100 50%

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