Oil major Shell bolsters shareholder distributions, cuts spend

A view shows a board with the logo of Shell at the company's fuel station in Saint Petersburg, Russia May 6, 2022.British oil major Shell on Tuesday announced plans to increase shareholder distributions, prioritize share buybacks and reduce capital spending in a bid to "deliver more value with less emissions."In an announcement ahead of its Capital Markets Day 2025 event, the company said it would bolster shareholder distributions to 40-50% of cash flow from operations, up from a 30-40% range previously. It ...