Shell PLC released its 2025 Annual Report and Accounts on March 12, 2026. CEO Wael Sawan received £13.8 million in total remuneration for the year. This figure represents a 60% increase over the previous year. Remuneration in 2024 totaled £8.6 million. An £11.8 million bonus drove the majority of the 2025 compensation surge.
Shell reported adjusted earnings of $18.5 billion for 2025. This reflects a 22% decline from the $23.7 billion earned in 2024. Management attributed the lower profits to weaker global oil prices.
Pay campaigners criticized the executive compensation levels amid rising consumer energy costs. However, Shell’s sponsored ADR (SHEL) traded higher following the report. The stock is currently on track for a potential record all-time closing high.