Shell to Boost Shareholder Returns in LNG-Focused Strategy

On Tuesday, Shell pledged to boost shareholder distributions in a strategy to deliver more to investors focused on its strengths—raising LNG production and sales and sustaining oil production at current levels through 2030. The UK-based supermajor, which has been looking to close the valuation gap with the U.S. giants Exxon and Chevron, will raise shareholder distributions to 40-50% of cash flow from operations (CFFO), up from 30-40%. Shell will also continue to prioritize share buybacks, while maintaining a 4% per annum progressive dividend…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com