“It will be a tough winter,” Shell CEO Ben van Beurden warned the public in mid-July 2022. For many people, this statement will soon become a bitter reality due to the ongoing energy crisis. However, the 64-year-old is only making higher oil and fuel prices richer. His already princely salary of 7.5 million euros rises to 16 million euros. Sums that mere mortals can only dream of…
The energy crisis and the wave of inflation caused by the war in Ukraine have set new profit records for oil giant Shell. In the second quarter of 2022, the company earned 18 billion euros, five times as much as the year before. Compared to the first quarter, this was more than twice as much. At that time, the withdrawal from the Russian company had depressed the result.
The British group was able to offset the lower results in the liquid gas trade with higher prices and profit margins for refineries, as well as better results in the gas and electricity trade.
The head of the company, Ben van Beurden, also benefits from the billions in profit.
According to the Guardian, his annual salary (including bonuses) should increase from 7.5 to 16 million euros. The value of his company shares (now 27.5 million euros) has almost doubled.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
