Shell CEO Acknowledges `Painful Year' After Earnings Miss

The video discusses the company's financial performance, focusing on cash flow and earnings. It addresses the reasons behind the earnings miss, including accounting adjustments. The company made significant decisions regarding dividends and buybacks to maintain financial resilience. The impact of oil prices on debt reduction is highlighted, along with the company's strategy to transition towards lower carbon businesses, aiming for future profitability.

What was the cash flow for the company in the quarter discussed?

• $8.8 billion

• $6.6 billion

• $5.5 billion

• $7.7 billion

Why did the company decide to cut its dividend?

• To comply with new regulations

• To preserve financial resilience and long-term future

• To invest in new technologies

• To increase short-term profits

What percentage of cash flow is allocated to shareholder payouts once the net debt milestone is reached?

• 40-50%

• 20-30%

• 30-40%

• 10-20%

How does a $10 variation in oil price affect the company's cash flow?

• Increases by $7 billion

• Increases by $5 billion

• Increases by $4 billion

• Increases by $6 billion

What is the company's target net debt milestone?

• $55 billion

• $60 billion

• $65 billion

• $70 billion

What is the company's approach to developing its lower carbon businesses?

• Focusing solely on biofuels

• Relying on legacy business cash flow for growth

• Ignoring customer needs

• Investing only in hydrogen

How does the company view the profitability of its future energy business model?

• Equally or more profitable than traditional businesses

• Dependent solely on oil prices

• Not profitable at all

• Less profitable than traditional businesses