Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
More rewards for Shell shareholders
Nottingham Post
|March 26, 2025
SHELL has pledged to further reward its shareholders after passing nearly £19bn to them in 2024, alongside announcing plans to reduce expenditures and improve cost efficiency.
Before its capital market day event yesterday, the oil giant told investors it is set on enhancing cost savings and cutting spending as part of its commitment to "deliver more value with less emissions."
This comes despite the company facing criticism last year for abandoning its target to cut net carbon intensity by 45% by 2035.
The firm now intends to eliminate a total of £3.9bn to £5.4bn annually by the end of 2028, a substantial increase from the earlier goal of saving £1.5bn to £2.3bn by the close of 2025.
Additionally, Shell plans to trim its capital expenditure to between £15.5bn and £17bn yearly over the next three years.
This story is from the March 26, 2025 edition of Nottingham Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Nottingham Post
Nottingham Post
City council plan for boundary shake-up has support of MPs
LGR: Option B(ii) 'North and East Unitary' 'South West Unitary'
3 mins
November 27, 2025
Nottingham Post
Council pledge on empty building
NOTTINGHAM City Council insists it wants to bring an empty community building back into use despite one campaigner willing to take it on being met with over a year of silence.
1 mins
November 27, 2025
Nottingham Post
Neck scan may identify heart issues
A SIMPLE neck scan could help to pick up early warning signs of heart failure in men, a study suggests.
1 mins
November 27, 2025
Nottingham Post
Budget: Taxes raised to 'all-time high' by Reeves
RACHEL Reeves has announced tax rises amounting to £26 billion as she battles a downgrade in forecast economic growth.
3 mins
November 27, 2025
Nottingham Post
Body found in search for 82-year-old after suspected murder-suicide
BRIAN WRIGHT WAS REPORTED MISSING A WEEK AGO
2 mins
November 27, 2025
Nottingham Post
Get in the spirit
Anyone for cocktails? EMMA JOHNSON has the perfect pieces for a glamorous gathering
1 min
November 27, 2025
Nottingham Post
Huge estate's school will have room for up to 630 pupils
A NEW 3,000-home estate on the edge of Nottingham has taken another step forward as plans are shared for a school at the sprawling development.
2 mins
November 27, 2025
Nottingham Post
Callum: Bonding is strong again as new boss makes impact
ENERGY LEVELS HAVE RISEN SAYS WINGER HUDSON-ODOI
3 mins
November 27, 2025
Nottingham Post
Government's shame over air ambulance plea
AN MP has said it is “shameful” that the government has not responded to questions over the Lincs and Notts air ambulance for an entire year.
1 mins
November 27, 2025
Nottingham Post
Celebration planned to mark repeat of famous 1979 final
Thursday's game is a repeat of the 1979 European Cup final, which the Reds famously won courtesy of Trevor Francis scoring the only goal of the game.
1 min
November 27, 2025
Listen
Translate
Change font size