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In the summer of 2023 he announced that Shell will be dropping plans to cut oil production each year for the rest of the decade. [ 4 ] Sawan received a pay packet of £7.9 million ($10 million) for 2023, having become chief executive at the start of last year on an annual salary of £1.4 million.
Royal Dutch Shell [3] is a British-Dutch multinational oil and gas company headquartered in London, United Kingdom, and The Hague, Netherlands. [4] Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange.
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Van Beurden worked for Shell in a number of countries, including his native Netherlands, Turkey, Malaysia, United Kingdom and the United States. [1] [5] Van Beurden was an assistant to Shell chairman Phil Watts from 2002 to 2004, during which time Shell was embroiled in an accounting scandal where it had overstated its oil reserves. [6]
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Shares in Shell fell 1.1 per cent or 18p to 1613p in morning trading. Cook had worked for Shell for 29 years. She lost out on a loyalty bonus of more than £800,000, but her severance pay came to about £5 million, a figure determined by standard company and legal guidelines. [5] Cook joined the board of directors of The Boeing Company in 2003 ...