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British oilCNBC
•Business
Business & Economics
76% Informative
Shell to bolster shareholder distributions to 40-50% of cash flow from operations, up from a 30-40% range previously.
The oil major also said it will lower its spending to $ 20 -22 billion per year through to 2028 , after targeting such costs in a $ 22 -25 billion range for 2024 and 2025 back in 2023 .
It intends to stick to progressive dividends of 4% per year and to grow free cash flow per share by more than a yearly 10% through to 2030.
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