BAKU, Azerbaijan, March 25. Shell has outlined
its next steps in the strategy to enhance value creation and drive
growth while prioritizing performance, discipline, and
simplification, Trend reports.
its next steps in the strategy to enhance value creation and drive
growth while prioritizing performance, discipline, and
simplification, Trend reports.
CEO Wael Sawan emphasized Shell’s progress since the 2023
Capital Markets Day, highlighting the company’s transformation into
a simpler, more resilient, and competitive entity.
Shell has set ambitious targets for the coming years,
including:
-
Increasing shareholder distributions to 40-50% of cash flow from
operations (CFFO) across the cycle, continuing share buybacks, and
maintaining a 4% per annum progressive dividend policy. -
Raising the structural cost reduction target from $2-3 billion
by 2025 to $5-7 billion by 2028, compared to 2022. -
Reducing capital expenditures to $20-22 billion annually from
2025 to 2028 while investing for growth. -
Growing free cash flow (FCF) per share by over 10% annually
through 2030.
In line with its commitment to sustainability, Shell will
maintain its climate goals outlined in its Energy Transition
Strategy 2024.
Key strategic priorities include:
-
Reinforcing Shell’s leadership in LNG, aiming for 4-5% annual
growth in sales through 2030. -
Maintaining a stable liquids production of 1.4 million barrels
per day until 2030, with reduced carbon intensity. -
Expanding high-return businesses in Mobility, Lubricants, and
Renewables & Energy Solutions. -
Leveraging lower-carbon platforms, targeting 10% of capital
employed by 2030. -
Enhancing returns from its Chemicals business, with strategic
partnerships and selective closures to improve performance in key
regions.
Shell remains focused on delivering long-term value while
reducing emissions, ensuring strong growth in areas where it holds
competitive advantages.