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Van Beurden's total remuneration for 2020 was 5.8 million euros ($6.93 million), compared with about 10 million euros the year before, the company disclosed in its annual report on Thursday. oil prices into negative territory, forced Shell to cut its dividend for the first time since World War Two.Īs global demand for oil and gas plunged last year, Shell's profit tumbled to a two-decade low while its shares hit their lowest since the 1990s. The unprecedented hit to the energy sector last year due to the pandemic, which briefly knocked benchmark U.S. Van Beurden, who initially oversaw growth in Shell's oil and gas output after taking office in 2014, is now leading the Anglo-Dutch company through a shift towards low-carbon energy in an effort to slash greenhouse gas emissions by 2050. March 11 (Reuters) - Royal Dutch Shell (RDSa.L) Chief Executive Ben van Beurden's pay package dropped by 42% to $7 million in 2020, a year in which the coronavirus pandemic pushed the energy company to a historic dividend cut following a collapse in profits.
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