Shell PLC shareholders approved all board-supported resolutions at the Annual General Meeting on May 19, 2026. The vote confirmed the reappointment of directors and the formal adoption of the annual report.
A new Directors' Remuneration Policy received over 95% support. This policy increases potential bonuses for the CEO and CFO to match compensation levels at US-based competitors. The CEO’s maximum long-term share award will increase significantly under this new structure.
Shareholders rejected Resolution 23, which called for more stringent climate targets, with 86.99% of votes against the measure. The board defended its strategy of continued investment in oil and gas during the meeting. This stance received backing from the majority of institutional investors despite ongoing energy transition debates.