Home Business News Royal Dutch Shell chief is paid £17m

Royal Dutch Shell chief is paid £17m

by LLB Reporter
14th Mar 19 11:19 am

Ben Van Beurden, chief executive of Royal Dutch Shell received a whopping 126% pay rise in 2018, pocketing £17m compared to £12.8m, as higher oil prices helped profits soar.

Royal Dutch Shell posted underlying earning of £16.3bn for 2018, a rise of 36%, Shell benefited from severe cost-cutting, they have sold off assets and seen higher oil prices.

Royal Dutch Shell said, “We reviewed Shell’s CEO pay ratio externally against the ratios that we see in other FTSE 30 companies, which we calculated based on their disclosed employee numbers and employee costs.

“We believe our ratio is consistent with those seen in other FTSE 30 companies, although it is challenging to draw a meaningful comparison given the different markets and industries in which they operate.”

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