Shell Raises Shareholder Returns, Cuts Spending, and Boosts LNG Focus in Long-Term Strategy Through 2030

Shell on Tuesday announced plans to raise shareholder returns and cut spending while deepening its focus on liquefied natural gas, according to CNBC. The company aims to increase free cash flow per share by over 10% annually through 2030. Shell will lower capital spending through 2028, in addition to a structural cost reduction. Shell will allocate 10% of capital employed to low-carbon businesses by 2030. Shares rose 2% following the announcement.