Wael Sawan
CEO
Legacy
Wael Sawan is a Lebanese-born executive who joined Shell in 1997 and spent his career in LNG and upstream roles before becoming CEO in January 2023. He was previously president of Shell's Integrated Gas, Renewables, and Energy Solutions division — the most profitable part of the company — giving him direct operational experience in Shell's crown-jewel LNG trading business before taking the top job. Sawan was selected over other internal candidates partly because of his LNG expertise and partly because his predecessor Ben van Beurden had committed to ambitious low-carbon targets that created tension with near-term financial performance. From his first weeks as CEO, Sawan signaled a recalibration: he characterized Shell's earlier commitments as 'confusing' to investors and began scaling back specific renewable energy investment targets, most notably withdrawing from utility-scale offshore wind investments outside areas of strategic fit. He maintained the 2050 net-zero headline commitment but argued that the pace of the energy transition depended on real-world infrastructure development rather than unilateral corporate commitment — a position broadly aligned with ExxonMobil and Chevron's publicly stated views. Under Sawan, Shell has executed one of the largest share buyback programs in its history ($5 billion per quarter in 2023), rebuilt the dividend post-pandemic, and emphasized capital returns over growth investment. His tenure coincides with continuing climate litigation, including the ongoing Dutch court climate case, creating a persistent tension between the legal obligations he faces and the commercial strategy he is executing.