Business
Shell accelerates strategy to deliver more va...
Shell accelerates strategy to deliver more va....
About this update from Shell Plc
[{"type":"text","content":"\n\n \n \n\n Shell accelerates strategy to deliver more value with less emissions\n\nMarch 25, 2025 – Shell (LON/NYSE: SHEL, AMST: SHELL) will today present to investors at its Capital Markets Day 2025 the next steps in the execution of its strategy. Shell is strengthening its commitment to value creation and maintaining its focus on performance, discipline and simplification. ‘’We have made significant progress against all of the targets we set out at our Capital Markets Day in 2023. Thanks to the outstanding efforts of our people, we are transforming Shell to become simpler, more resilient and more competitive,’’ said CEO Wael Sawan. ‘‘We want to become the world’s leading integrated gas and LNG business and the most customer-focused energy marketer and trader, while sustaining a material level of liquids production. Today we are raising the bar across our key financial targets, investing where we have competitive strengths and delivering more for our shareholders.’’ Today Shell announces that it will: Enhance shareholder distributions from 30-40% to 40-50% of cash flow from operations (CFFO) through the cycle1, continuing to prioritise share buybacks2, while maintaining a 4% per annum progressive dividend policy.Increase the structural cost reduction target from $2-3 billion by the end of 2025 to a cumulative $5-7 billion by the end of 2028, compared to 20221.Invest for growth while maintaining capital discipline, with spend lowered to $20-22 billion per year for 2025-20281.Grow free cash flow3 (FCF) per share by more than 10% per year through to 20301.Maintain the climate targets and ambition set out in Shell’s Energy Transition Strategy 2024. To deliver more value with less emissions Shell will: Reinforce our leadership position in liquefied natural gas (LNG) by growing sales by 4-5% per year through to 2030.Grow top line production across our combined Upstream and Integrated Gas business by 1% per year to 2030, sustaining our 1.4 million barrels per day of liquids production to 2030 with increasingly lower carbon intensity.Drive cash flow resilience and higher returns in our Downstream and Renewables & Energy Solutions businesses: Pursue focused growth in our high-return Mobility and Lubricants businesses.Leverage competitive strengths to drive profitable and scalable businesses across our lower carbon platforms...