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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Death toll from S Korea rains rises to 18 as met agency warns of heatwaves | Climate Crisis News
Five-day deluge unleashed flash floods and landslides that killed 18 and left nine others missing, authorities say.Torrential rains in South Korea have resulted in at least 18 deaths and nine missing, leading to extensive property damage and evacuations of over 14,000 people. The military has deployed 2,500 personnel for recovery efforts, while the Meteorological Administration warns of upcoming heatwaves following the heavy rainfall. Explain It To Me Like I'm 5: Heavy Rains in South Korea...
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