Shell CEO's pay package rises almost 9% to around $11 million - Finance news and analysis from Global Banking & Finance Review

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Finance

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 read

· Last updated: March 25, 2025

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Shell CEO Wael Sawan's Pay Rises to $11 Million in 2024

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)

Key Takeaways

Shell CEO Wael Sawan's pay increased by 9% to $11 million.
Shell reported a 16% profit drop in 2024.
Despite profit drop, Shell raised its dividend by 4%.
Shell extended its share buyback programme.
The report was published in Shell's annual report.

Frequently Asked Questions

What is the main topic?

The article discusses the increase in Shell CEO Wael Sawan's pay to $11 million in 2024, despite a drop in company profits.

How much did Shell's profit drop?

Shell reported a 16% drop in profit for 2024, amounting to $23.7 billion.

What actions did Shell take despite the profit drop?

Shell raised its dividend by 4% and extended its share buyback programme.

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