Foundation I

Main Menu

  • Demand Price
  • Knowledge Process Outsourcing
  • Remuneration
  • Uniform Distribution
  • Loans

logo

Foundation I

  • Demand Price
  • Knowledge Process Outsourcing
  • Remuneration
  • Uniform Distribution
  • Loans
Remuneration
Home›Remuneration›Shell CEO’s 2020 compensation bundle drops 42% to $ 7 million

Shell CEO’s 2020 compensation bundle drops 42% to $ 7 million

By Robert Stedman
March 11, 2021
0
0
Share:


Ron Bousso and Indranil Sarkar

March 11, 2021

Ben van Beurden, CEO of Royal Dutch Shell / Picture by: Ed Robinson / Shell

The compensation of Royal Dutch Shell chief govt Ben van Beurden fell 42% to $ 7 million in 2020, a yr during which the coronavirus pandemic pushed the vitality firm to a historic dividend reduce following the collapse of earnings.

Van Beurden, who initially oversaw the expansion of Shell’s oil and gasoline manufacturing after taking workplace in 2014, is now main the Anglo-Dutch firm in direction of low-carbon vitality with the goal of lowering gasoline emissions at greenhouse impact by 2050.

The unprecedented blow to the vitality sector final yr from the pandemic, which briefly pushed US benchmark oil costs into damaging territory, pressured Shell to chop its dividend for the primary time since World Battle II.

As world demand for oil and gasoline slumped final yr, Shell’s earnings fell to a two-decade low, whereas its shares hit their lowest because the Nineteen Nineties.

Van Beurden’s complete compensation for 2020 was 5.8 million euros ($ 6.93 million), down from round 10 million euros the earlier yr, the corporate revealed in its annual report Thursday.

In 2019, Van Beurden’s compensation had additionally fallen by 51%.

The oil main introduced on Thursday that the previous Andrew Mackenzie, Managing Director of BHP would develop into its subsequent chairman to succeed Charles Holliday, who resigned on Could 18 after holding the submit for six years.

Mackenzie will possible lead the search within the years to come back for a successor to van Beurden.

(1 USD = 0.8375 euros)

(Further reporting by Indranil Sarkar in Bengaluru; Modifying by Bernard Orr and Edmund Blair)



Supply hyperlink

Previous Article

Shareholders generally is a bit extra conservative ...

Next Article

Shareholders Would not Oppose CEO Pay of ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Remuneration

    Pembroke board decides to not conduct a compensation overview

    March 12, 2021
    By Robert Stedman
  • Remuneration

    Stark and Anti-Kickback Regulation modifications – HME Enterprise

    March 12, 2021
    By Robert Stedman
  • Remuneration

    Dealer compensation must be a by-product of offering good recommendation – Marketwatch

    March 10, 2021
    By Robert Stedman
  • Remuneration

    Shareholders might not be so beneficiant with Starbucks Company (NASDAQ: SBUX) CEO compensation and this is why

    March 11, 2021
    By Robert Stedman
  • Remuneration

    NAXS AB Annual Common Assembly Report (publ) March 11, 2021 Stockholm Inventory Trade: NAXS

    March 11, 2021
    By Robert Stedman
  • Remuneration

    The council is not going to droop the remuneration of the mayor

    March 10, 2021
    By Robert Stedman

Leave a reply Cancel reply

  • Knowledge Process Outsourcing

    Complete Report on Data Course of Outsourcing (KPO) Market 2021 | Measurement, Development, Demand, Alternatives and Forecast to 2027

  • Uniform Distribution

    The arguments for and in opposition to planet 9, nonetheless invisible – Astronomy Now

  • Demand Price

    Russian provide glitches, Asian demand pushes up the spot worth

  • Terms and Conditions
  • Privacy Policy