Shell prioritizes profits and boosts dividend while maintaining oil production.

Shell has abandoned its plan to cut oil production each year for the rest of the decade and will instead keep production steady until 2030, focusing on increasing payouts to shareholders and targeting its most profitable areas. The move comes as part of a shift in approach under new CEO Wael Sawan, who has emphasized financial returns for investors. Shell has also pledged to invest between $10bn and $15bn in low-carbon products, including biofuels, hydrogen, electric vehicle charging, and carbon capture and storage, as part of its commitment to achieving net zero emissions by 2050.