Shell Expects to Return $125 Billion or More to Shareholders in Next Five-Year Period
04 6월 2019 - 3:54PM
Dow Jones News
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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