Shell plc

Company characteristics

Assessed report publication year
Financial year end 31/12/22
Sector Energy
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 162,901,488,921
Net profit margin 11.24%
CEO tenure 9 years
Employee count 93,000
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 No
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) 9,698,000 CEO total pay change 56.47%
CEO pay ratio (to median employee) 80:1 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
Gender pay gap (mean data) Shell Energy Retail Limited 11.7% Shell Information Tech Limited 12.0% Shell UK Limited (Upstream) 12.4% Shell International Trading and Shipping Company Limited 16.2% Shell International Petroleum Company Limited 18.4% Shell International Limited 20.7 Gender pay (women % in top quartile) Shell UK Ltd: 16.1%
Ethnicity pay gap (disclosure) No Total dividend (USD) 7,266,134,770