Stock Market News
Shell to boost dividend and cut spending in new CEO plan
2023.06.14 02:19
© Reuters. FILE PHOTO: The logo of Royal Dutch Shell is pictured during a launch event for a hydrogen electrolysis plant at Shell’s Rhineland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo Schmuelgen/File Photo
LONDON (Reuters) – Shell (LON:) will increase its dividend by 15%, starting in the second quarter of the year, and will reduce capital spending as part of CEO Wael Sawan’s efforts to regain investor confidence, the company said on Wednesday.
