London (Reuters)-Shell announced on Tuesday an increase in its distribution to shareholders at 40% -50% of the cash flow from operations, against 30% -40% before, emphasizing the share buyouts.

Major Oil, which has an investor day on Tuesday, also reduced its spending prospects in a range of $ 20 billion to $ 22 billion until 2028.

The largest liquefied natural gas merchant (LNG) in the world also aims to increase its LNG sales by 4% to 5% per year over the next five years, while increasing its production by 1% per year during the same period and maintaining its stable oil production to 1.4 million barrels per day.

Shell estimates that global demand for liquefied natural gas will increase by around 60% by 2040, largely carried by economic growth in Asia, the impact of artificial intelligence and efforts to reduce emissions in heavy industries and transport.

Shell produced 29 million tonnes of LNG and sold 65.8 million tonnes in 2024.

The British group has also declared that it wanted to “identify more value from its solid portfolio of chemical assets by exploring strategic opportunities and partnership in the United States and by selective closures and reclassifications in Europe.”

Shell took over $ 21.1 billion last year, in a range of $ 22 to 25 billion.

On Tuesday, the company also said that its objective was to devote up to 10% of its budget to low carbon -free activities by the end of the decade.

Major Petroleum has planned a share repurchase of $ 3.5 billion for the current quarter, making it the thirteenth consecutive quarter of share buyback.

Shell had already announced an increase in its dividend by 4% to bring it to $ 0.36 when it was published in its annual results in January.

The group set itself on Tuesday a target of growth in the cash flow available per share of more than 10% per year until 2030.

The action increased by 1.8% at 08:23 GMT on the London Stock Exchange.

(Written by Shadia Nasralla and Arunima Kumar, Diana Mandia, edited by Blandine Hénault)

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