Shell CEO Pulling Out All the Stops to Safeguard Dividends

Shell CEO Pulling Out All the Stops to Safeguard Dividends

Here is the opening of this informative article from Bloomberg: Plc is pulling out all the stops to safeguard its dividend in a world where oil prices remain lower for longer, Chief Executive Officer Ben Van Beurden said.

Europes biggest oil company is also protecting a plan to buy back shares and keeping its investment program steady for the future, Van Beurden said in e-mailed comments before a speech in London on Tuesday.

Oils collapse in the past year has forced Shell and its peers to reduce costs, defer projects and hunker down for a prolonged period of low prices. Even with crude tradin