Royal Dutch Shell Plc  .com Rotating Header Image

Shell ready to hand billions to investors as oil price recovers

The Times

Shell ready to hand billions to investors as oil price recovers

 

Emily Gosden: Thursday July 08 2021, 12.01am, The Times

Royal Dutch Shell has said that it will boost returns to investors within weeks after rising oil prices helped it to reduce debt.

The Anglo-Dutch oil group is likely to launch share buybacks that could be worth more than $1 billion each quarter, analysts predicted, after the company announced it was ready to “move to the next phase of its capital allocation framework”.

Shell said that this would see it “increase total shareholder distributions”, subject to board approval, starting from its second-quarter results announcement on July 29.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Comments are closed.

%d bloggers like this: