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Shell to boost dividend and cut spending in new CEO plan

06/14/2023
Less than a minute

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.

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06/14/2023
Less than a minute

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