TotalEnergies CEO earnings in 2024: what was Patrick Pouyanné's income that year?
TotalEnergies' Annual General Meeting, held at La Défense on May 23, was overshadowed by environmental protests, with activists decrying the company's continued focus on gas and oil production. Protests took place outside the BNP Paribas bank headquarters and Montmartre, as 2024 was recorded as the warmest year globally.
The company is set to face a trial on June 5 for allegations of deceptive advertising. TotalEnergies faces accusations of misleading consumers about its commitment to climate ambitions. In response, TotalEnergies declared itself "the most committed company in the energy transition among the majors" during the meeting.
According to reports by BFM Business, CEO Patrick Pouyanné's earnings for the year 2024 were discussed at the meeting. Pouyanné received a fixed salary of approximately 1.5 million euros and a variable pay slightly under 2.7 million euros. This variable pay, contingent upon the company's performance, cannot exceed 180% of the fixed salary. Furthermore, Pouyanné received around 140,000 TotalEnergies shares in 2024, which he can only benefit from at the end of his mandate, scheduled for 2026.
TotalEnergies also revealed plans to adjust its investments in low-carbon energies, with these investments estimated to represent around a quarter of the total for the 2026-2030 period. This represents a decrease from the roughly one-third previously allocated.
The exact total compensation figure for Patrick Pouyanné in 2024 is not available at this time, as it will be detailed in the full compensation report to be published on TotalEnergies' investor relations website post-annual general meeting.
TotalEnergies, amidst the fluctuating world of finance and industry, is planning a shift in its business actions by investing a quarter of its total funds in low-carbon energies for the 2026-2030 period, a move from the previously allocated one-third. consequences of the company's performance-based financing system, as Patrick Pouyanné's variable pay in 2024, though not yet publicly disclosed, is contingent upon the company's success.
