Shell prepares to raise shareholder payouts
FINANCIAL TIMES
Shell prepares to raise shareholder payouts
Higher oil prices help cut debt pile as energy major pledges to lift returns via dividends or buybacks
Royal Dutch Shell said higher oil prices had helped it cut its debt pile, paving the way for higher shareholder returns in the second quarter.
In a trading statement on Wednesday ahead of results due at the end of the month, the Anglo-Dutch energy major said it would increase payouts to investors, to between 20 per cent and 30 per cent of cash flow from operations, through buybacks or dividends.
Shell, which did not provide guidance on which form the distributions would take, said the higher payouts were the result of “strong operational and financial delivery, combined with an improved macroeconomic outlook”.
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Posted in: Oil, Oil Prices, Royal Dutch Shell, Royal Dutch Shell Plc, Shell.
Tagged: Oil · Oil Prices · Royal Dutch Shell Plc · Shell