Shell is considering boosting profits for shareholders and speeding up its shift towards renewables and low carbon energy
Shell's chief executive Ben van Beurden told Reuters news agency:"We have to look after our shareholders because I think our shares are very significantly under-priced, and therefore giving back more to shareholders to help that part of the equation is going to be very important."
He said they are thinking about whether Shell's shareholder return policy of 20% to 30% of cash from operations"is the right amount given where we are currently". The British multinational oil and gas company uses buybacks or dividends to return cash to investors, but Mr van Beurden did not say whether any new policy would include a higher dividend.Shares in Europe's largest oil and gas company remain roughly 20% below their pre-pandemic peak, despite having gained 20% this year.
In 2020, the company said it would increase dividends by 4% annually, having sliced more than 60% off its payout due to the pandemic.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Energy rationing cannot be ruled out, warns ShellA 'really tough winter in Europe' is ahead given doubts over Russian gas supplies, says Shell boss.
Weiterlesen »
Shell chief warns Europe may need to ration energy this winter\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »
Shell chief warns Europe may have to ration energy during winter\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »
Energy rationing cannot be ruled out, warns ShellA 'really tough winter in Europe' is ahead given doubts over Russian gas supplies, says Shell boss.
Weiterlesen »
Why Is Oil Priced The Way That It Is? | OilPrice.comThere are a number of widespread misunderstandings of how oil and gas are priced, but the reason may be simpler than you’d expect
Weiterlesen »
Extinction Rebellion planning protests at petrol pumps in NottsThey are targeting Shell and BP specifically
Weiterlesen »