Reported 28 days ago
Shell announced plans to boost shareholder distributions, raising its target to 40%-50% of cash flow from operations, driven by increased LNG sales and planned share buybacks. The company aims for a 4-5% annual increase in LNG sales over the next five years while trimming its investment budget through 2028. Shell also intends to explore strategic opportunities for its chemicals assets and maintain steady oil production through 2030. Overall, the firm projects significant growth in global LNG demand by 2040, supported by investments in renewable energy solutions.
Source: YAHOO