Shell Plc announced plans to enhance returns for investors by focusing on becoming the top global LNG trader over the next decade, aiming for an annual growth of 4% to 5% in LNG sales until 2030. This move will allow the company to allocate up to half of its cash from operations back to shareholders, primarily through share buybacks. The strategy marks an important shift following CEO Wael Sawan’s efforts to revamp the company by reducing costs, enhancing reliability, and divesting underperforming units. Sawan aims to present detailed plans to investors later in New York. The company also outlined initiatives to drive cost savings, monitor spending tightly, review its chemicals division, and seek collaboration opportunities in the US while considering asset sales or closures in Europe. The plan anticipates a 10% annual growth in free cash flow per share until 2030, with increased distribution of 40% to 50% of cash flow from operations to shareholders. These endeavors are part of Shell's commitment to enhancing investor appeal, evident in its share buybacks and dividend increase by 4% annually since 2024. Despite a reduction in dividend payments in 2020 due to the pandemic-induced energy price decline, Shell's investor-friendly actions have boosted its stock by nearly 20% over the last two years, contrasting with a more than 10% drop for BP Plc.
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