LONDON, ENGLAND (By Shell, 31.Jul.2025, Words: 128) — Shell plc Chief Executive Officer, Wael Sawan commented on the company’s second-quarter 2025 results.
“Shell generated robust cash flows reflecting strong operational performance in a less favourable macro environment. We continued to deliver on our strategy by enhancing our deep-water portfolio in Nigeria and Brazil, and achieved a key milestone by shipping the first cargo from LNG Canada,” Sawan said.
“Our continued focus on performance, discipline and simplification helped deliver $3.9 billion of structural cost reductions since 2022, with the majority delivered through non-portfolio actions. This focus enables us to commence another $3.5 billion of buybacks for the next three months, the 15th consecutive quarter of at least $3 billion in buybacks,” Sawan added.
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