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.
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