Shell Announces Huge Shareholder Return -- June 4, 2019

Yesterday, CLR announced initiation of a quarterly dividend, as well as a robust stock buyback plan. Earlier it had been reported that oil companies were announcing significantly increased dividends (the exact word used was "soaring).

Now, today Shell announced it is ready to return as much as $125 billion or more to shareholders (dividends and share buybacks) over the five-year period of 2021 - 2025:

• Shell refreshes strategy for the energy future as it builds on strong foundation
  
• The company is on track to deliver on its 2020 commitments; now increases organic free cash flow outlook to around $35 billion for 2025 at $60 per barrel (real terms, 2016)
  
• Shell’s expected cash delivery creates the potential to distribute $125 billion or more to shareholders (dividends and share buybacks) over the five-year period of 2021-2025

Shell highlighted its delivery on commitments since the last Management Day in 2017:

• achieved $10 billion additional cash flow from operations from new projects started up since 2014;
• demonstrated capital discipline within committed capital range;
• delivered $30 billion of divestments from 2016-2018;
• cancelled the scrip dividend; and
• started the $25 billion share buyback programme.

Much, much more at the link.

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