Inside Shell's new strategy to boost investor returns, increase focus on LNG
British oil major Shell announced plans on Tuesday to increase shareholder distributions and cut expenditures as it sharpens its focus on liquefied natural gas (LNG). The company said it would raise shareholder payouts to 40-50% of cash flow from operations, up from the previous range of 30-40%.
Shell's 2024 emissions largely stable at 1.2 billion tons CO2 equivalent
Shell's emissions were largely unchanged in 2024 at around 1.2 billion metric tons of CO2 equivalent, according to its annual report published on Tuesday and Reuters calculations.
Shell pledges it will boost cashflow and shareholder returns
Shell PLC (LSE:SHEL, NYSE:SHEL) has given investors more insight into its revised strategy, which on the face of it aims to increase shareholder returns alongside delivering lower emissions. Shareholder distributions will rise to 40–50% of cash flow from operations, Shell said, with a continuing focus on buybacks plus a 4% hike in dividends.
Shell to Increase Production, Shareholder Returns Under New Strategy
The energy giant said it is targeting hydrocarbon production growth and plans to increase shareholder distributions to 40% to 50% of cash flow from operations.
Shell CEO's pay package rises almost 9% to around $11 million
The pay package for Shell Chief Executive Wael Sawan was 8.6 million pounds ($11.10 million) for 2024 compared with 7.9 million pounds in the previous year, Shell's annual report showed on Tuesday.
Oil major Shell bolsters shareholder distributions, cuts spend
British oil major Shell on Tuesday announced plans to increase shareholder distributions, prioritize share buybacks and reduce capital spending.
Shell strategy day puts investment plans and LNG business in the spotlight
It is Shell PLC's (LSE:SHEL, NYSE:SHEL) capital markets day on Tuesday, 25 March, following a similar event for its smaller rival BP recently, which received a mixed reaction from investors and analysts. While the oil giant is expected to stick to its current playbook of cutting costs, keeping capital spending in check and focusing on its liquefied natural gas (LNG) business, there are some finer details that need clearing up.
Shell Invests in Gato do Mato to Drive Brazil's Pre-Salt Growth
SHEL approves investment in Brazil's Gato do Mato project, advancing the development of pre-salt reserves and strengthening its role in global energy markets.
Shell Aims for First Gas Production at Dragon Field by 2026
SHEL aims to start gas production at Venezuela's Dragon field by 2026, a year ahead of schedule, it secures LNG supply for Trinidad amid shifting U.S. sanctions.
Shell invests in Brazilian offshore project
Shell said on Friday it has taken the final investment decision for Gato do Mato, a deepwater project offshore Brazil with a capacity of 120,000 barrels of oil per day, where first oil is expected to flow in 2029.
Shell aims to bring gas from Venezuela to Trinidad in 2026, sources say
Shell Plc is aiming to begin producing natural gas at Venezuela's Dragon gas field and exporting it to neighboring Trinidad and Tobago in 2026, a year ahead of the original 2027 start date, according to two people familiar with the project.
Here's Why Shell (SHEL) Gained But Lagged the Market Today
Shell (SHEL) closed the most recent trading day at $71.52, moving +0.77% from the previous trading session.
