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Evening Standard
Evening Standard
Holly Williams

Shell boss sees pay jump as group vows to boost investor returns on cost savings

Shell Wael Sawan Kingfisher United States
Shell boss Wael Sawan’s pay package increased to £8.6 million last year despite falling profits (Alamy/PA) -

Shell has revealed boss Wael Sawan’s pay package swelled to £8.6 million last year despite sharply lower profits as it outlined plans for higher shareholder returns amid cuts to costs and spending.

The group’s annual report, published ahead of the oil giant’s capital market day event for shareholders, showed Mr Sawan’s total pay lifted by 9% from £7.9 million in 2023 as he landed a £2.9 million annual bonus and £3.9 million in long-term share awards.

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