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LONDON – Shell Chief Executive Ben van Beurden’s pay package for last year rose by about a quarter to 7.4 million euros ($8.2 million), his first raise since receiving a bumper 20 million euros for 2018, Shell’s annnual report showed.
After a bruising 2020 in which the COVID-19 pandemic hammered oil prices and forced Shell to cut its dividend for the first time since World War Two, the group’s results bounced back last year, allowing it to boost shareholder returns.
($1 = 0.9039 euros)
(Reporting by Shadia Nasralla; Editing by David Goodman)
