Shell’s Chief Executive Officer Van Beurden said the company is doing all to protect its dividend from declining oil prices.
Van Beurden said Shell is also safeguarding its plan to buy back shares, and keeping its investment program steady for the future.
The company is “geared to generate cash flow from operations and free cash flow in 2017 and beyond,” Van Beurden said.
The collapse in oil has driven the company’s annual dividend yield to 8.1% on Sept. 28, the highest in more than at least 20 years.
The material has been provided by InstaForex Company – www.instaforex.com
Shell’s Chief Executive Officer Van Beurden said the company is doing all to protect its dividend from declining oil prices.
Van Beurden said Shell is also safeguarding its plan to buy back shares, and keeping its investment program steady for the future.
The company is “geared to generate cash flow from operations and free cash flow in 2017 and beyond,” Van Beurden said.
The collapse in oil has driven the company’s annual dividend yield to 8.1% on Sept. 28, the highest in more than at least 20 years.
The material has been provided by InstaForex Company – www.instaforex.com
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