Shell’s Chief Executive’s Total Pay Package Revealed

  • Shell CEO Wael Sawan earned GBP7.9 million in 2023
  • Total pay package included a base salary of GBP1.4 million and an annual bonus of GBP2.7 million
  • Sawan took over as CEO in 2022
  • Chief Financial Officer Sinead Gorman’s remuneration rose to GBP3.9 million in 2023
  • Shell’s annual profit on a net current-cost-of-supplies basis dropped to $20.28 billion in 2023
  • Shares have risen 2.9% over the past twelve months

Shell Chief Executive Wael Sawan earned a total pay package of GBP7.9 million in 2023, according to the company’s annual report. This included a base salary of GBP1.4 million and an annual bonus of GBP2.7 million. Sawan took over as CEO in 2022, succeeding Ben van Beurden. The remuneration of Chief Financial Officer Sinead Gorman also increased to GBP3.9 million in 2023. Shell’s annual profit on a net current-cost-of-supplies basis dropped to $20.28 billion in 2023. Despite this, the company’s shares have risen 2.9% over the past twelve months.

Factuality Level: 8
Factuality Justification: The article provides specific details about Shell Chief Executive Wael Sawan’s total pay package for 2023, including his base salary, annual bonus, and comparisons to the previous CEO’s remuneration. It also mentions the rise in the Chief Financial Officer’s remuneration. The article includes information about Shell’s annual profit decline and the increase in share prices over the past twelve months. The facts presented are clear and supported by data, without significant digressions, bias, or inaccuracies.
Noise Level: 3
Noise Justification: The article provides relevant information about the total pay package of Shell’s Chief Executive and Chief Financial Officer for 2023, along with details about the company’s annual profit and share performance. The article stays on topic and supports its claims with specific data and examples. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about the pay packages of Shell’s Chief Executive and Chief Financial Officer. It also mentions the company’s annual profit and the performance of its shares.
Presence Of Extreme Event: Yes
Nature Of Extreme Event: Political Upheaval or Revolution
Impact Rating Of The Extreme Event: Moderate
Rating Justification: The article mentions that Shell’s annual profit decreased significantly in 2023 due to the impact of Russia’s invasion of Ukraine, which led to a rise in oil and gas prices. This event can be categorized as a political upheaval or revolution. The impact rating is moderate because it affected the company’s financial performance and resulted in a decline in profit.
Public Companies: Shell (N/A)
Key People: Wael Sawan (CEO), Ben van Beurden (Predecessor CEO), Sinead Gorman (Chief Financial Officer)

Reported publicly: www.marketwatch.com