London-based Shell paid Ben van Beurden a total of 9.7 million pounds in 2022 as annual company profits doubled to an all-time high of US$40 billion because Russia's war in Ukraine sent oil and gas prices soaring.
Van Beurden's pay includes a 2.6 million-pound bonus and 4.9 million pounds worth of stock, according to the company's annual report. Van Beurden stepped down at the end of last year and was replaced by Wael Sawan, who will be paid a base salary of 1.4 million pounds and a bonus that's expected to be bigger than the salary, the report said.
Demands have increased for oil and gas companies raking in huge profits to do more to reduce high energy costs that are hurting consumers and small businesses. Opposition lawmakers in Britain have called for an expanded tax on the windfall profits of oil and gas firms to provide more help for households struggling to afford expensive utility bills.
Supply and demand. Nobody wanted to replace the supply from Russia - but demand did not change.
Tell me you don’t know how oil prices are set without saying it 🙄
And ABDanielleSmith wants to give these same companies $20 billion of our tax dollars for well cleanup that they are already legally obligated to pay for. F*cking unbelievable DanielleSmithIsUnfitToLead ableg abpoli rstar NeverVoteConservative
Eat the rich!
Because the government has restricted the flow. Open the oil and gas and watch prices drop and ALL PEOPLE FLOURISH!!! It’s not his fault people are ignorant and vote to restrict oil access. The only way he doesn’t make as much is if the price per barrel drops. OPEN THE TAPS!!!
There is no recession it is greed !
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