By Christian Moess Laursen


Shell Chief Executive Wael Sawan's total pay package for 2023 was 7.9 million pounds ($10.1 million), the company said Thursday in its annual report.

This included a base salary of GBP1.4 million pounds and an annual bonus of GBP2.7 million.

Sawan took the helm of British energy major at the start of last year, preceding Ben van Beurden who received GBP9.7 million in total remuneration for 2022.

Chief Financial Officer Sinead Gorman's remuneration rose to GBP3.9 million in 2023 from GBP2.9 million a year prior.

Last month, London-based Shell posted a dive in annual profit on a net current-cost-of-supplies basis to $20.28 billion from $41.56 billion in 2022 when oil and gas prices soared after Russia invaded Ukraine.

Over the past twelve months, shares have risen 2.9% and 9% since Sawan took over as CEO.


Write to Christian Moess Laursen at christian.moess@wsj.com


(END) Dow Jones Newswires

03-14-24 0701ET