Shell CEO's Salary Increases
The salary of Royal Dutch Shell plc’s CEO, Ben van Beurden, was raised by 2.5 percent in 2018, the company’s latest annual report revealed.
Effective from January 1 this year, the base salary of Shell’s CEO was set at $1.883 million (EUR 1.527 million). The company’s chief financial officer, Jessica Uhl, also saw a salary increase of 1.5 percent in 2018 to $1.227 million (EUR 995,000).
When determining base salaries, the company’s remuneration committee said it considered several aspects. These include; the external market positioning of the executive directors’ compensation packages, senior management salaries, the planned average increases for 2018 for other employees across three major countries (the Netherlands, the UK and the USA), the impact of the increase on other elements of the package, the current economic conditions, and Shell’s own performance.
A Dutch national, Ben van Beurden was appointed CEO of Shell in January 2014. He was previously the company’s downstream director from January to September 2013. Before that, he was executive vice president of chemicals from 2006 to 2012.
Van Beurden joined Shell in 1983, after graduating with a Master’s Degree in chemical engineering from Delft University of Technology in the Netherlands.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- These Factors Helped Brent Oil Price Break Above $85
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Gaz System to Acquire Gas Storage Poland
- Subsea7 Secures Contract to Service Woodside's Trion
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- EIA Boosts USA Crude Oil Production Forecasts
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension