Shell (SHEL)

Sector:

Energy Producers

Index:

FTSE 100

2,711.00p
   
  • Change Today:
    -13.00p
  • 52 Week High: 2,946.00
  • 52 Week Low: 2,264.50
  • Currency: UK Pounds
  • Shares Issued: 6,336m
  • Volume: 6,323,123
  • Market Cap: £171,754m

Former Shell boss sees pay soar 50%

By Abigail Townsend

Date: Thursday 09 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Ben van Beurden, Shell's recently departed chief executive, was paid nearly £10m last year.
Publishing its annual report, Shell said van Beurden's pay - a 53% jump on the previous year, to £9.7m - included a base salary of £1.4m, an annual bonus of £2.59m and nearly £5m under the company's long-term incentive plan. The bonus was paid in cash and shares.

Wael Sawan, who took over from van Beurden in January, will also receive a base salary of £1.4m.

Wholesale energy prices have rocketed since Russia's invasion of Ukraine a year ago, leading to a surge in profits at energy companies. Shell reported annual profits of $39.9bn in 2022, the highest in its 115-year history and double the previous year's figure.

In response to soaring wholesale prices, the UK government last year introduced the Energy Bills Support Scheme to help households with mounting gas and electricity bills, and announced a windfall tax on energy companies.

However, the levy only applies to profits made from extracting UK oil and gas and not on refining, or on selling petrol and diesel. Although Shell has relocated its headquarters to London from the Netherlands, less than 5% of its global profits come from UK production, meaning it has been largely unaffected by the levy.

Van Beurden, who has spent his entire career at Shell, announced last September he would step down as chief executive after nine years at the helm.

Sawan was previously head of Shell's integrated gas and renewables division.

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Shell Market Data

Currency UK Pounds
Share Price 2,711.00p
Change Today -13.00p
% Change -0.48 %
52 Week High 2,946.00
52 Week Low 2,264.50
Volume 6,323,123
Shares Issued 6,336m
Market Cap £171,754m

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.68% above the market average78.68% above the market average78.68% above the market average78.68% above the market average78.68% above the market average
89.47% below the sector average89.47% below the sector average89.47% below the sector average89.47% below the sector average89.47% below the sector average
Price Trend
62.95% above the market average62.95% above the market average62.95% above the market average62.95% above the market average62.95% above the market average
67.50% above the sector average67.50% above the sector average67.50% above the sector average67.50% above the sector average67.50% above the sector average
Income
70.74% above the market average70.74% above the market average70.74% above the market average70.74% above the market average70.74% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Growth
5.57% below the market average5.57% below the market average5.57% below the market average5.57% below the market average5.57% below the market average
25.49% below the sector average25.49% below the sector average25.49% below the sector average25.49% below the sector average25.49% below the sector average

What The Brokers Say

Strong Buy 7
Buy 9
Neutral 6
Sell 0
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Shell Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 16-May-24 15-Feb-24
Paid 24-Jun-24 25-Mar-24
Amount 34.40¢ 34.40¢

Trades for 14-Jun-2024

Time Volume / Share Price
16:39 2,000 @ 2,711.00p
16:39 2,000 @ 2,711.00p
16:39 4,000 @ 2,711.00p
16:37 160,000 @ 2,712.42p
16:37 3,227 @ 2,711.00p

Shell Key Personnel

CFO Sinead Gorman
CEO Wael Sawan

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