British oil major Shell announced plans to increase shareholder returns and cut spending, focusing on its liquified natural gas (LNG) push. The company aims to boost shareholder distributions to 40-50% of cash flow, reduce spending to $20-22 billion per year, and grow free cash flow by more than 10% yearly through 2030. Shell also plans to increase LNG sales by 4-5% annually and keep oil production steady at 1.4 million barrels per day. CEO Wael Sawan emphasized the company’s goal to become the world’s leading integrated gas and LNG business while sustaining a material level of liquids production.
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Formula 1: Liam Lawson disappointed with qualifying effort, to start 13th in Spanish Grand Prix
Liam Lawson will start 13th in the Spanish Grand Prix after being eliminated in the second qualifying session, falling just 0.152 seconds short of reaching Q3. Despite the disappointing result, Lawson's last lap was his fastest of the weekend, indicating progress as he prepares for the race. This qualifying outcome is a setback compared to his recent performance in Monaco, where he qualified ninth and finished eighth, leaving him feeling disappointed. Full Article
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