Shell boosts dividend by 15%, maintains oil output through to 2030 in new CEO strategy
This includes raising the dividend per share by an expected 15% from the second quarter and executing at least $5 billion of share buybacks in the second half of the year.
Shell's focus on performance and capital discipline comes as the company seeks to close what many see as the growing gap in valuations between European and U.S. oil majors. The British oil major reported a record annual profit of nearly $40 billion for 2022. The company will also seek to grow its integrated gas business while maintaining leadership in the global liquefied natural gas market.
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