Shell to Increase Shareholder Distributions
July 07 2021 - 2:31AM
Dow Jones News
By Jaime Llinares Taboada
Royal Dutch Shell PLC said Wednesday that it will increase total
shareholder distributions to 20%-30% of cash flow from operations
starting at the second-quarter results announcement.
The Anglo-Dutch oil energy major said that it will move to the
next phase of its capital allocation framework as a result of
strong operational and financial delivery, and an improved
macroeconomic outlook.
The company said the level of additional distributions will be
determined when there is full visibility of the second-quarter
results.
Shell expects to have further reduced its net debt in the second
quarter. It said it will retire its $65 billion net debt milestone,
and target further strengthening of its balance sheet and credit
metrics.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 07, 2021 02:31 ET (06:31 GMT)
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