Nov 28, 2017
Royal Dutch Shell restores all-cash dividend
Royal Dutch Shell has restored its all-cash dividend in a sign of strength returning to the group's balance sheet after three years of financial stress. The return to an all-cash dividend was long-signalled by Shell as an important landmark that would be reached once recovery from the 2014 oil price crash was sufficiently well entrenched. On Tuesday, Shell also raised its target for annual free cash flow to a range of $25bn-$30bn by 2020 at an oil price of $60 per barrel, up $5bn from the prior goal. Further divestments would continue at an average rate of at least $5bn a year until 2020, Shell added. Mr van Beurden said Shell would reduce "The net carbon footprint of the full range of Shell emissions, from our operations and from the consumption of our products" in line with the international Paris agreement on emissions reduction.
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