business / news / / The Sunday Times
In little over four years, Shell has bought back about a quarter of its shares.
Shell's acquisition of ARC Resources is its largest in more than a decade, adding 370,000 barrels daily.
KEY POINTS
- Shell's proven reserve life fell to less than eight years of production, its lowest since 2021.
- Shell aims to grow LNG sales volume by 4-5% annually through 2030, betting on a 54-68% demand surge by 2040.
- A 350,000-barrel production gap is expected by 2035 due to previous asset disposals and flat oil production.
COMPANIES
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