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Ben van Beurden dismissed splitting its legacy oil and gas business from its renewables investment, a move urged by activist shareholder Third Point. Van Beurden's pay includes a 2.6 million-pound bonus and 4.9 million pounds worth of stock, according to the company's annual report. LONDON, Feb 10 (Reuters) - Shell (SHEL.L)Chief Executive Officer Ben van Beurden on Feb. 7 sold 3.9 million pounds ($5.2 million) worth of the energy company's shares, a company filing. Shell intends to appeal that court judgement. By Stanley Reed. It has now been confirmed that Sawan will take over. Shell CEO to step down as oil giant looks to climate goals - Yahoo News The boss of oil giant Shell has insisted it can transition to net zero by 2050, but it will need the cash from its oil and gas business to pay for it. LONDON, Feb 10 (Reuters) - Shell (SHEL.L) Chief Executive Officer Ben van Beurden on Feb. 7 sold 3.9 million pounds ($5.2 million) worth of the energy company's shares, a company filing showed. Data is a real-time snapshot *Data is delayed at least 15 minutes. In an interview, Shell CEO Ben van Beurden insists he doesnt run an oil company any more. Mr. van Beurden, 64, whose departure was not a surprise, has steered Shell through a turbulent time and is leaving on a high note at least for investors in oil and gas, who are seeing record profits and payouts. Campaigner Howard Cox, of FairFuelUK, said: Shell has no humility wallowing in such obscene profits that are completely down to an increase in global oil prices. Please enter valid email address to continue. All Rights Reserved. Additional reporting by Indranil Sarkar in Bengaluru; Editing by Bernard Orr and Edmund Blair. Im also very much aware of the difficulty to explain how this is actually a global problem, and a problem that has come about by policy decisions that have been taken.. What happens to First Republic Bank's stock and deposits now? These profits are down to speculators gambling on the Ukrainian crisis. To stand here today as Energy Executive of the Year is a true pleasure for me. The deal was criticized as too expensive at the time but looks wiser at current prices, analysts say. , updated If you have a pension you are almost certainly a part owner of Shell, BP and other oil and gas companies.