Shell Hikes Dividend, Raises Buybacks as Profit Falls

The transcript discusses a company's financial strategies, including a $5 billion buyback and a 15% dividend increase. The company aims to balance shareholder returns with investments in energy transition, allocating $23 to $26 billion in various sectors. Despite a valuation gap with US rivals, the company plans to tighten capital and reduce OpEx to grow free cash flow by 10% annually until 2025. The current shareholder distribution framework is deemed sufficient, given market volatility.

What is the company's strategy regarding capital allocation in a volatile market?

What is the expected growth rate of free cash flow per share between now and 2025?