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https://www.wsj.com/articles/shell-to-lift-dividend-launch-5-billion-buyback-eadf10ed

Shell Courts Investors With More Cash, Defense of Oil

Energy major says it will cut spending, keep its oil production steady and scale back on less-profitable businesses

By Christian Moess Laursen
 and Jenny Strasburg
Shell CEO Wael Sawan will make a presentation to investors later Wednesday. Photo: Mary Turner for The Wall Street Journal

Shell said Wednesday that it will share billions more from its record profits with investors while deepening its commitment to the oil-and-gas businesses that produce the highest returns. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.