Shell CEO on company's vow to boost shareholder returns and cut spend
Shell CEO Wael Sawan discusses cost cuts the company is making.
Shell's new strategy puts emphasis on shareholder return – market reaction
Shell PLC (LSE:SHEL, NYSE:SHEL) shares traded on the front foot and market watchers espoused management's ‘new' strategic move which, somewhat simplistically, aims to prioritise shareholder returns. More specifically, Shell this morning said shareholder distributions would rise to 40-to-50% of cash flow, from the previous target of 30 to 40%.
Shell CEO Wael Sawan: Fossil fuels will continue to play a critical role in the energy system
CNBC's Brian Sullivan and Shell CEO Wael Sawan join 'Squawk Box' to discuss the company's capital markets day, the sale of its chemicals business, the company's share price, future of fossil fuels, and more.
Shell says outcome of Russian claim for 1.5 billion euros 'uncertain'
The outcome of a Russian prosecutor asking Shell to pay Gazprom 1.5 billion euros ($1.62 billion) for alleged unpaid gas deliveries in 2022 is "uncertain", Shell said in its annual report published on Tuesday.
Shell Set to Focus on LNG as Part of Future Growth Strategy
SHEL is expected to focus on LNG with its demand set to surge in the future, balancing investor concerns and climate risks.
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.
