An “outrageous” bumper executive payout at Shell has led to calls for a higher windfall tax on the industry – even as a major UK oil and gas producer saw its increased profits “all but wiped out” by the levy.
Shell’s annual report revealed its ex-boss saw his pay package soar to £9.7m last year and is in line for further potential payouts of more than £11m. Ben van Beurden's pay jumped by 53 per cent in 2022, including a £2.6m annual bonus and a £4.9m long-term shares award on top of his £1.4m annual salary.
