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Shell boss bags £17m as pay packet doubles

Shell chief executive Ben Van Beurden

Credit:
Chris Ratcliffe/Bloomberg

The chief executive of Royal Dutch Shell will take home more than £17m for 2018 after doubling his pay packet from the previous year.

Ben Van Beurden was awarded a total of €20.14m (£17.21m) for the year in which Shell’s profits bounded to their highest in four years.

However, the bulk of his bumper pay packet was due to long-term remuneration rewards for his achievements since the oil market crash that vested last year.

Shell’s long-term incentive plan paid out €15.2m to Mr Van Beurden last year, compared with just €4m in 2017.

The bumper payday means Shell’s chief executive is paid 143 times what the average employee is paid.

Shell’s remuneration committee offered the comparison for the first…

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