Shell on Tuesday announced plans to raise shareholder returns and cut spending while deepening its focus on liquefied natural gas, according to CNBC. The company aims to increase free cash flow per share by over 10% annually through 2030. Shell will lower capital spending through 2028, in addition to a structural cost reduction. Shell will allocate 10% of capital employed to low-carbon businesses by 2030. Shares rose 2% following the announcement.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shell on Tuesday announced plans to raise shareholder returns and cut spending while
00:06deepening its focus on liquefied natural gas. And according to CNBC,
00:10company aims to increase free cash flow per share by over 10% annually through 2030.
00:15Shell will lower capital spending through 2028. This is to a structural cost reduction.
00:20Shell will allocate 10% of capital employed to low carbon businesses by 2030.
00:26Shares rose 2% following the announcement.
00:28For all things money, visit Benzinga.com slash GSTV.