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.
Full Article
Table of four accused of £200 dine and dash by ‘upmarket’ Indian restaurant
An Indian restaurant in Northampton, Saffron, accused four young men of dining and dashing after they enjoyed a £197.30 meal, which included nine main courses, before leaving without paying. The restaurant shared CCTV footage on social media and reported the incident to the police, highlighting the impact of such thefts on small businesses. Want More Context? 🔎
Read more