Shell plc

Company characteristics

Assessed report publication year
Financial year end 31/12/23
Sector Energy
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 180,130,107,268
Net profit margin 6.08%
CEO tenure 1 years
Employee count 103,000
FRF draft assessment response No

Reward scrutiny

Living wage accredited No Living wage (calculation for operating regions) No
Living hours accredited No Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent Yes Remuneration committee discretion applied Yes
Remuneration committee discretion (direction) Down
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 7,940,000 CEO total pay change -18.13%
CEO pay ratio (to median employee) 58:1 Percentage point increase in maximum variable remuneration
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO 48.62%
Gender pay gap (mean data) Shell Information Tech Limited: 9.7% Shell International Limited: 18.7% Shell International Petroleum Company Limited: 16.6% Shell International Trading and Shipping Company Limited: 10.4% Shell UK Limited (Upstream): 11.8% Shell Energy Retail Limited: 13.5% Shell UK Oil Products Limited: -3.7% Gender pay (women % in top quartile) Shell UK Ltd: 13.7%
Ethnicity pay gap (disclosure) Yes Total dividend (USD) 9,059,031,639