EnergyWatch

Shell to offer stakeholders USD 125 billion

The oil giant identifies three themes that will define its future work, outlook and emphasis. Moreover, Shell is betting on being able to reward its shareholders to a higher degree.

Photo: Benoit Tessier / Reuters / Ritzau Scanpix

The corner stone of Shell's energy transition will be the companies working with integrated gas, chemicals and oil products. At the same time, the company pledges more money for stakeholders and raises its free cash flow expectations. This assertion follows the British-Dutch oil major's management day on Tuesday, according to an official statement from Shell.

Free cash flows will by the end of next year land at USD 28-30 billion. At the same time, Shell plans to have finished its ongoing share buyback program valued at USD 25 billion.

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