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4w ago

Shell Boosts Shareholder Returns and LNG Growth While Cutting Green Investments

The oil giant raises cash flow payouts to shareholders, targets LNG sales expansion, and reduces low-carbon spending to 10% of capital by 2030.

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Overview

  • Shell increases shareholder distribution target to 40-50% of cash flow from operations, up from 30-40%, emphasizing dividends and share buybacks.
  • The company plans to grow liquefied natural gas (LNG) sales by 4-5% annually through 2030, solidifying its position as the world’s largest LNG trader.
  • Annual investment budget is reduced to $20-22 billion through 2028, with cost-cutting targets doubled to $5-7 billion annually by the same year.
  • Low-carbon investments are halved, with only 10% of capital allocated to green energy by 2030, drawing criticism from environmental groups.
  • CEO Wael Sawan’s compensation rose 8.5% to £8.6 million in 2024, sparking backlash amid Shell’s focus on profitability over climate commitments.