Reports
Perks of Price-Gouging: Big Oil CEOs Receive up to 126% Pay Raise After Record Year
Two of the world’s largest oil companies, Shell and BP gave their CEOs massive pay increases after the industry raked in a record-breaking $451 billion in profits last year. Former CEO of Shell, Ben van Beurden, received $12 million in 2022, a 50% raise in compensation. The CEO of BP, Bernard Looney, received a 126% increase in compensation.