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Oil major Shell vows to boost investor returns, doubles down on LNG push

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Summary
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76% Informative

Shell to bolster shareholder distributions to 40-50% of cash flow from operations, up from a 30-40% range previously.

The oil major also said it will lower its spending to $ 20 -22 billion per year through to 2028 , after targeting such costs in a $ 22 -25 billion range for 2024 and 2025 back in 2023 .

It intends to stick to progressive dividends of 4% per year and to grow free cash flow per share by more than a yearly 10% through to 2030.

VR Score

86

Informative language

90

Neutral language

72

Article tone

informal

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English

Language complexity

37

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not offensive

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not hateful

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Known propaganda techniques

not detected

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short-lived

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