Shell plans to increase shareholder returns, reduce costs, and grow LNG sales, leading to positive outlook.
From StockTwits: 2025-03-26 02:28:00
Shell announced at its Capital Markets day that it will increase shareholder distributions to 40% to 50% of cash flow from operations, up from the previous range of 30% to 40%. The company also raised its cost reduction target to $5 billion to $7 billion by 2028 and slashed its investment budget to $20 billion to $22 billion through 2028. Shell aims to grow its LNG sales by 4% to 5% annually through 2030, reflecting a positive outlook on global LNG demand. Retail sentiment on Stocktwits shifted to ‘bullish’ territory, with U.S. shares up 16.6% year-to-date.
Read more at StockTwits: Shell Stock Rises On Plans To Boost Shareholder Returns
