0842 GMT - The centerpiece of Shell's updated strategy remains its plan to grow free cash flow a share by 10% a year through 2030, Berenberg analysts write. Buybacks are central to this target and Shell's executives gave extended visibility on their plans, the analysts write. Shell also increased the shareholder payout ratio to between 40% and 50% of cash flow from operations over the cycle. Its current quarterly buyback of $3.5 billion is equivalent to 7% of its market cap annually, the analysts add. Shares trade up 0.6% at 2,782.00 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 04:43 ET (08:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.