Shell Announces Commencement of Shareholder Distributions From Permian Business Sale Proceeds

December 2, 2021
  
Royal Dutch Shell plc (the ‘company’) announces the commencement of up to $1.5 billion of share buybacks today, being the first tranche of the $7 billion shareholder distributions from the sale of the company’s Permian business in the United States.   The form and timing for distributing the remaining $5.5 billion (together with any unpurchased amount of the $1.5 billion of shares under this tranche) will be announced in early 2022.  These distributions are in addition to our shareholder distributions in the range of 20-30% of cash flow from operations. Read More