Shell plans to boost returns and become a force in power
Ron Bousso: JUNE 4, 2019
In a strategy update, the Anglo-Dutch energy company said it was on track to deliver on its commitment to sharply increase cash generation and carry out one of the world’s largest share buyback programs of $25 billion by the end of next year.
It then plans to increase payouts to investors through dividends and share buybacks to $125 billion between 2021 and 2025, roughly half of its current market value. That compares with payouts of around $90 billion between 2016 and 2020.
While offering sweeteners to investors, Shell also outlined plans to increase spending in the next decade to grow its gas, oil, renewables and power output.