Shell was committed on Tuesday to return shareholders more money, mainly through action repurchase, reduced its investment budget by 2028 and raised the possibility of selling and closing some of its chemical assets.
The oil and gas company raised the distribution goal to shareholders to 40% to 50% of cash flow from operations compared to the current 30% to 40%.
The world’s largest liquefied natural gas trader (LNG) also said its goal was an annual increase of 4% to 5% in LNG sales over the next five years and a 1% annual growth in production, maintaining stable oil production by 1.4 million barrels per day.
SHELL estimates that global liquefied natural gas demand increases by about 60% by 2040, largely driven by economic growth in Asia, the impact of artificial intelligence and efforts to reduce emissions on heavy industries and transportation.
Shell produced 29 million tons of LNG and sold 65.8 million tons in 2024.
In the statement issued on a meeting day with the capital market, Shell said she wanted to explore “strategic and partnership opportunities” in the United States to her chemical assets and could close some businesses in Europe.
Shell has also reduced its annual investment budget to a $ 20 billion range to $ 22 billion by 2028 compared to the previous range of $ 22 billion to $ 25 billion after spending $ 21.1 billion last year.
Shell has invested about $ 8 billion by the end of last year, from an investment budget of $ 10 billion to $ 15 billion in low carbon solutions defined for 2023 to 2025.
A Shell spokesman refused to provide an investment value for low carbon business beyond 2025.
Shell has a $ 3.5 billion stock repurchase plan for the current quarter, making this the 13th consecutive quarter of at least $ 3 billion in stock repurchase.
