TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Shell employees receive bonus after record profits

News • 18th Aug 2022 • 2 Min Read

Shell employees receive bonus after record profits

Compensation & Benefits

Author: People Matters Editorial Team People Matters Editorial Team
7.3K Reads
The one-time payment recognises the contributions of 82,000 workers worldwide to Shell’s strong performance in the second quarter.

Shell employees around the world are set to receive a bonus equivalent to 8% of their salary after the oil giant made record profits. 

The London-based oil company announced that it will give a one-off payment to 82,000 of its global staff. The bonus is in recognition of their workers’ contributions for Shell’s strong performance in the second quarter.

“In recognition of the contribution our people have made to Shell’s strong operational performance against a recent challenging backdrop, our executive committee has decided to make a special recognition award of 8% of salary to all eligible staff across the world,” the company said.

“The award enables those employees to share in our current operational and financial success – it is not a response to inflation or cost of living challenges.”

Shell added that members of its executive committee, executive vice-presidents, and contractors will not be included in the bonus payouts. 

Read more: Rolls-Royce workers reject £2,000 cash bonus

Shell’s record profits

In July, Shell revealed that it earned nearly US$11.5 billion (AU$16.6 billion) for a second consecutive quarter. The figure is 26% higher compared to oil giant’s earnings between January and March of this year. It is also more than double the profits that the company’s profits during the same period in 2021.

Analysts attribute Shell’s strong performance to rising global oil prices due to Russia’s invasion of the Ukraine. The company’s industry rivals BP, ExxonMobil, and Chevron have also posted record profits in the second quarter. 

Read more: Shell to acquire Indian renewable energy platform Sprng Energy

The announcement is also considered a major turnaround for Shell, who had struggled significantly due to the Covid pandemic. The company had to lay off thousands of its workers, suspend bonuses, and capped salaries during this period.

Trades Union Congress General Secretary Frances O’Grady criticised Shell’s announcement, calling its record profits “an insult” to the millions of workers who are dealing with soaring energy bills.

Read More

Did you find this article helpful?


You Might Also Like

72% workers say securing a pay rise is harder

NEWS • 12th Mar 2025 • 8 Min Read

72% workers say securing a pay rise is harder

Compensation & Benefits#HRTech#HRCommunity
Blackstone CEO Steve Schwarzman earns over $1 bill

NEWS • 4th Mar 2025 • 3 Min Read

Blackstone CEO Steve Schwarzman earns over $1 bill

LeadershipCompensation & Benefits#HRTech#HRCommunity
Pay gap data shows men outearning women by $28K

NEWS • 4th Mar 2025 • 4 Min Read

Pay gap data shows men outearning women by $28K

Compensation & BenefitsCulture#HRTech#HRCommunity
NEXT STORY: HiBob raises $150 million Series D up-round led by General Atlantic

Trending Stories

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

  • design-thinking-hr

    Return to office: the legalities

  • design-thinking-hr

    The trust factor: Why modern leaders can’t afford to overl...

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.