Offshore

Shell keeps spending constrained amid concern about buybacks

Oil supermajor Shell expects that its investment level will be around USD 24 billion in 2019. The company keeps a lid on spending amid concerns about whether it can sustain large shareholder returns.
Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com
Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com
BY JAMES HERRON AND OLIVIA KONOTEY-AHULU, BLOOMBERG

Royal Dutch Shell Plc expects capital expenditure to be near the lower end of the $24 billion to $29 billion range in 2019, as the company keeps a lid on spending amid concern about its ability to sustain hefty shareholder returns.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs