PowerPoint Presentation€¦ · to thrive in the energy transition. Fixed Pay Fixed Pay 12% Fixed...
Transcript of PowerPoint Presentation€¦ · to thrive in the energy transition. Fixed Pay Fixed Pay 12% Fixed...
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Long t
erm
Short
ter
m
◼ Short-term operational delivery targets
◼ 50% bonus in shares, subject to 3-year holding period which remains in force post-leaving
◼ Shareholding requirement: CEO: 7 x base salary; CFO: 4 x base salary
◼ Malus and clawback provision apply to bonus and LTIP
◼ Benchmarked against 4 oil majors and 15 European companies
◼ World-class investment financial metrics
◼ 3-year performance + 3-year holding period which remains in force post-leaving
◼ TSR underpin
30%
20%
10% Safety10% GHG
50%
12.5% Project delivery12.5% Production12.5% LNG liquefaction volumes12.5% DS availability
22.5%
22.5%
22.5%
22.5%
50% cash
50% shares
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Rewards the delivery of short-term operational targets
Cash flow from operating activities Operational excellence Sustainable development
30%
50%
20%
12.5%
12.5%
12.5%
12.5%
5%
5%
10% 10%
10%
2019
10% ◼
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3 year
1 year
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