Shell CEO Wael Sawan
LONDON: Shell will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence that wavered over its energy transition plan.
In a new financial framework announced on Wednesday, Shell said it will increase overall shareholder distribution to 30% to 40% of cash flow from operations, up from a 20% to 30% rate.
