Royal Dutch Shell is building a business with the potential to return US$125 billion or more in the form of dividends and share buybacks to shareholders between 2021 and the end of 2025, the oil supermajor said on its Management Day 2019 on Tuesday. Shell is significantly increasing the pledge to return money to investors in its next five-year program through 2025, compared to US$52 bullion in distributions to shareholders between 2011 and 2015, and to expected shareholder distributions of around US$90 billion in the period 2016-2020. The supermajor also expects to raise its dividend per share “when there is line of sight to the completion of the $25 billion share buyback programme,” Shell said in the update of its targets. The company expects to have completed its share repurchase program by the end of 2020, subject to further progress with debt reduction and oil price conditions. By the […]