Shell has announced plans to increase cost savings and reduce spending, while its CEO, Wael Sawan, received an 8.5% increase in his pay package, which angered environmental groups. Amid a drop in the company’s profits, Shell will lower its spending and increase budget allocation towards lower carbon businesses by the end of the decade. However, critics argue that Shell’s climate pledges have been watered down and that the CEO’s pay is excessive given the energy crisis and environmental concerns.

Source: https://www.theguardian.com/business/2025/mar/25/shell-cuts-costs-spending-ceo-bonus-pay-oil-company