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The Guardian - UK

Business

Lauren Almeida

Shell CEO’s pay jumps 60% despite slump in profits at oil company

Shell Wael Sawan Oil

Shell has reported a drop in profits three years in a row. Photograph: Toby Melville/Reuters

The chief executive of Shell saw his pay jump more than 60% to almost £14m in 2025 despite a slump in profits at the oil company and prospects of rising pump prices related to war in the Middle East.

The package for Wael Sawan, who took the top job in 2023 and has refocused the company on fossil fuels, rose from £8.6m in 2024 to £13.8m in 2025.

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