Shell Mulling Increased Shareholder Returns, Reuters Reports

--Shell PLC is looking to increase shareholder returns beyond its target of 20% to 30% of cash from operations after record profits, Reuters reports, citing a conversation with the company's chief executive at the Aurora Spring Forum.

--Chief Executive Ben van Beurden and the oil giant's management have been debating what to do with the cash bonanza from soaring energy prices, according to Reuters.

--Shell reported record adjusted earnings of around $9.13 billion in the first quarter of 2022, up from $6.39 billion in the prior quarter.

Full story: https://reut.rs/3IB5sV5

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

July 14, 2022 11:50 ET (15:50 GMT)

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