Shell shareholders miss out on payday under weight of $74bn debt mountain
The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)
Shell shareholders are to be kept waiting for higher dividend payouts as the oil giant labours under a massive debt pile.
The Anglo-Dutch company has pledged to distribute up to 30pc of cash flow to shareholders as soon as its debts come down to $65bn (£47bn), as it tries to keep investors on board while it moves towards lower carbon energy.