Shell pledges bigger buybacks, tighter spending
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 25 March 2025
⏱️ 6 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, March 25th. I'm Julie Morgan. Shell ramps up shareholder returns while tightening costs. |
| 0:17.2 | Tesla's European cells continue to skid, and crispy cream lands in Brazil. |
| 0:24.5 | Ahead of its capital markets day 2025 event, Shell announced plans to boost shareholder |
| 0:30.3 | returns through the end of the decade, emphasizing share buybacks while maintaining a 4% |
| 0:36.3 | per annum progressive dividend policy. Shell plans to expand |
| 0:40.3 | its liquefied natural gas sales by 4 to 5% annually until 2030, while lowering its spending |
| 0:47.7 | to $20 to $22 billion per year through 2028 in a bid to deliver more value with less emissions. |
| 0:56.0 | The London-based energy firm also plans to expand top-line production across its combined |
| 1:01.4 | upstream and integrated gas business by 1% per year to 2030. |
| 1:06.8 | These efforts will enable Shell to boost shareholder distributions from 30% to% previously to 40% to 50% of cash flow from operations. |
| 1:16.3 | The company has also increased its structural cost reduction target from $2 to $3 billion by the end of this year to a cumulative $5 to $7 billion by the end of 2028 compared to 2022. |
| 1:32.4 | Sales of new Tesla cars in Europe plunged again in February amid buyer backlash over its |
| 1:38.5 | CEO's role in Donald Trump's administration with market share down year on year. The company registered 16,888 |
| 1:47.3 | new cars in February, down 40% from a year ago, with the market shares now at 1.8% from 2.8% last year. |
| 1:56.8 | This is according to the European Automobile Manufacturers Association. |
| 2:07.6 | Tesla's sales plunge nearly 43% in the first two months of the year, while industry-wide new battery electric car sales grew by 28.4% in the same period, capturing 15.2% of total EU market share. |
| 2:18.0 | European electric car sales were up 26% this February compared to the same month last year. |
| 2:24.6 | If you remember, we told you that in January, Tesla's sales across Europe fell 45% to 9,945 units. |
| 2:34.6 | Crispy Cream announced the company's official launch in Brazil to mark a milestone in the brand's global expansion. |
| 2:41.5 | The chain will open its first shop in a neighborhood in Sao Paulo in late April. |
| 2:46.4 | Crispy Cream plans to use a Capital Light franchise strategy in Brazil in partnership with the largest |
... |
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