Shell boss earns £6.3m a year as households and motorists face cost of living crisis

Ben van Beurden has seen his salary and perks soar to £1.1m by 2021, the industry giant’s annual report released today says. The Wind has included a bumper £4.5 million bonus

The fat cat owner of a giant oil corporation Cover earned more than £6.3m last year – as households and motorists reel with cost of living crisis.

Bigwig Ben van BeurdenThe industry giant’s annual report released today says the 63-year-old has seen his salary and perks soar by £1.1m in 2021.

The good fortune includes a bumper £4.5 million bonus.

Last year’s payment brings the amount Mr van Beurden has earned since he took over as chief executive in 2014 to £76m.

The latest deal comes just weeks before 22 million UK households will be affected by record-high energy bills.

The average bill shock of £700 a year is mainly due to the high wholesale gas prices.

Although Shell did not control that cost, Shell won big, with annual profits soaring to £14 billion.

It led to calls for tariffs on Shell and its rival BP.

Mr. van Beurden asserted that a “small player” like Shell could not have much influence on energy prices on its own.

“On the one hand, we see a booming market, especially for gas, but also for oil,” he said.

“But at the same time, we are struggling as an industry to keep up with supply,”

Dutch national van Beurden is selling his exclusive £5.5 million property in The Hague, with a nine-bedroom mansion, guest quarters, sauna and gym exercise, without worrying about how you’ll pay your energy bills.

His base salary alone has increased by 3.5% to £1.42m – or £27,300 a week.

Andy Prendergast, GMB’s national secretary, said: “Seeing Shell boss backpacking more than £6m while the bills are on the table is paralyzing families and squaring nations around. trying to get rid of Russian gas is disgusting.”

“Oil and gas executives like Ben van Beurden want us to keep buying what they are selling,” said Tessa Khan, an international climate change lawyer and founder of the advocacy group Uplift. because it makes them insanely rich.

“Instead of lining their pockets, we need to get oil and gas out by supercharging our renewable energy industry and insulating homes.”

Mr van Beurden is believed to own shares in Shell worth around £17.4m.

Details of his salary come days after Shell said it planned to withdraw completely from the Russian oil and gas market.

But they were forced to apologize for buying Russian oil last week.