Published 1 year ago

Shell hands out 8% salary bonus to employees amid record profits

Summary by Ground News

The energy major last week reported record profit for a second consecutive quarter thanks to soaring oil and gas prices and strong refining margins. The one-time payment will be made to most of Shell's 82,000 employees, but not to staff who are executive vice presidents or higher. It is not a response to inflation or cost-of-living challenges.

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The Guardian

Shell to give staff 8% bonus after record profits

Payout comes after oil firm reported $11.5bn second-quarter profits amid soaring energy prices

1 year ago·London, United Kingdom

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The Star Kuala Lumpur

Shell gives employees 8% bonus after record profit

LONDON: Shell will give its employees a one-off 8% bonus after the energy giant reported two consecutive quarters of record profit, the company said on Thursday.

1 year ago·Malaysia

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Financial Post

Shell gives employees 8% bonus after record profit

LONDON -- Shell will give its employees a one-off 8% bonus after the energy giant reported two consecutive quarters of record profit, the company said on Thursday. Read More

1 year ago·Canada

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The Globe & Mail

Shell gives employees 8% bonus after record profit

Shell reported two consecutive quarters of record profit

1 year ago·Canada

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Deccan Herald

Shell gives employees 8% bonus after record profit

Shell will give its employees a one-off 8% bonus after the energy giant reported two consecutive quarters of record profit, the company said on Thursday. The bonus will apply to the vast majority of Shell's 82,000 employees but will exclude senior management of executive vice president level and higher. "The award enables those employees to share in our current operational and financial success – it is not a response to inflation or cost-of-livi…

1 year ago

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Roscommon Herald

Shell to give staff 8% bonus after record profits following price hikes

By Anna Wise, PA Business Reporter Shell employees will get a one-off 8 per cent bonus after the energy company reported record profits from massive energy price hikes. Most staff at the oil giant – which employs around 82,000 people worldwide – will be eligible for the pay boost. Just those at executive vice president level or higher will be excluded from the taxable payout. Shell said the award...Source

1 year ago

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