Shell pledges to keep dividend despite slump in oil prices
If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP
By Andrew Critchlow, Commodities editor: 06 Oct 2015
Royal Dutch Shell has reassured investors that it will maintain its dividends regardless of a prolonged slump in oil prices below $50 per barrel.
Chief executive Ben van Beurden, speaking at the Oil and Money conference in London, said: “Shell is pulling out all the stops to safeguard our dividends and buy-back programme, and to keep our investment programme steady for the future.”
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