“Shell boosts dividend by 15%, maintains oil output through to 2030”
June 16, 2023
“British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence.
Ahead of its Capital Markets Day conference in New York later in the day, Shell said it would increase shareholder distributions to 30% to 40% of cash flow from operations, up from 20% to 30% previously.
This includes raising the dividend per share by an expected 15% from the second quarter and executing at least $5 billion of share buybacks in the second half of the year…”
See the bold? This is at odds with the green energy group. What happened to zero carbon emissions Shell? Don’t you know it’s good for the Earth? Looks like we have another company that doesn’t want to commit financial suicide.