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Shell chief executive Ben van Beurden’s total pay package rose more than 54 per cent last year to €8.6m following a jump in payouts under long-term incentive plans.

Mr van Beurden’s total remuneration, which also includes an annual bonus, pension and benefits, increased from €5.6m a year earlier, Shell’s annual report, published on Thursday, shows.

Payouts under long-term incentive and deferred bonus plans rose to €4.4m from €163,000 a year earlier.

*This article has been amended to reflect the difference in remuneration when pension payments are included.

Copyright The Financial Times Limited 2017. All rights reserved.

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