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Share Name | Share Symbol | Market | Type |
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Royal Dutch Shell 'B' | NYSE:RDSB | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
By Oliver Griffin
Royal Dutch Shell PLC (RDSB.LN) expects to return $125 billion or more to shareholders from 2021 to 2025 via dividends and buybacks, the Anglo-Dutch company said Tuesday.
The integrated energy giant raised its guidance for organic free cash flow in 2025 to $35 billion at an oil price of $60 a barrel.
Shell said the expected shareholder returns are an increase on the period ending in 2020, where shareholder returns are anticipated at around $90 billion.
The company said it expects to raise its dividend when it is closer to completing the current $25 billion share-buyback program. Shell maintained its quarterly dividend in the first quarter of the year at 47 cents a share.
The company will invest an average of $30 billion in capital expenditure a year during the period, capped at $32 billion a year. This includes minor acquisition spend of up to $1 billion but excludes major inorganic opportunities.
Shell said it has re-focused its strategic themes into three categories--core upstream, leading transition and emerging power--to shape its portfolio and drive capital allocation.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
June 04, 2019 02:39 ET (06:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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