[...] are included in the Corporate segment earnings, rather than in the earnings of the business segments. Treasury The holdings and treasury organisation manages many of the Corporate entities and is the point of contact between Shell and the external capital markets. Its daily operations include [...]
Policy Our policy is to grow the US dollar dividend through time in line with our view of Shell’s underlying earnings and cash flow. When setting the dividend, the Board of Directors looks at a range of factors, including the macroeconomic environment, the current balance sheet and future [...]
[...] business model are helping support earnings and cash flow generation. We continue to streamline our Downstream business as part of our ongoing effort to improve efficiency by lowering costs and concentrating on our most competitive positions. We have also sold several large Upstream assets, [...]
CCS earnings $7.2 billion excluding identified items Cash flow from operating activities $20.6 billion Total dividends distributed $15.0 billion of which $5.3 billion were settled under the Scrip Dividend Programme Gearing 28.0 % Divestments $4.7 billion Major project startups 8 Organic capital [...]
[...] with our view of Shell’s underlying earnings and cash flow. When setting the dividend, the Board looks at a range of factors, including the macroeconomic environment, the current balance sheet and future investment plans. We see potential for at least $25 billion of buybacks in the period [...]