17:32 - 14.06.2023

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June 14, Fineko/abc.az. Shell Plc plans to increase shareholder distributions at the expense of dividend payments and repurchase of shares up to 30-40% of operating cash flow from current 20-30%, ABC.AZ reports with reference to company's press release.

Shell intends to increase the amount of dividends by 15% from Q2 of 2023. In addition, the company plans to buy back its own shares worth at least $5 bn in the 2nd half of 2023.

Shell's capital investments in 2024 and 2025 will decrease to $22-25 bn, according to the press release. In 2023, it expects this figure will be at the level of $23-27 bn.

"The company will continue to invest in ensuring reliable energy supplies, expanding upstream operations in order to achieve an increase in cash flows by stabilizing the production of liquid hydrocarbons until 2030," the report says.

At that, Shell continues to move towards the goal of achieving carbon neutrality by 2050. The company plans to allocate $10-15 bn in 2023-2025 to support development of solutions in low-carbon areas.