buyback programme

Shell cuts dividend for first time since 1940s as oil demand collapses

Shell cuts dividend for first time since 1940s as oil demand collapses

Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic. Chief Executive Ben van Beurden said this in a statement issued on Thursday in London. “Given the continued deterioration […]