Shell’s chief executive Wael Sawan is on course to become one of the best-paid bosses on the London Stock Exchange.
According to the Telegraph, Mr Sawan could see his total pay package rise by £4.5million to a maximum of £19million a year.
Under Mr Sawan, Shell has focused on more profitable oil and gas operations, and Shell shares have risen 22% since Mr Sawan took over in January 2023.
A Shell spokesman said: “Every three years, Shell seeks shareholder approval for a new executive director remuneration policy as a standard part of regulations for UK-listed companies.
“The last vote was in 2023, so this is part of the usual cycle. Final proposals will be published in the 2025 annual report on March 12 and voted on at the annual general meeting.”