Shell Cuts Dividend for First Time Since Second World War

The video discusses the challenges Shell faces due to a poor macroeconomic environment and uncertainty about demand and prices. To address these, Shell has implemented strong financial countermeasures, including reducing capital and operating costs and resetting dividends. The focus is on maintaining financial resilience, managing debt levels, and ensuring liquidity. Shell aims to bring its gearing back to a comfortable range while protecting its financial stability.

What are the two main challenges Shell is facing according to the speaker?

• Environmental concerns and public pressure

• A worsening macroeconomic environment and a crisis of uncertainty

• High competition and low market share

• Technological advancements and regulatory changes

What financial measure did Shell's board decide to implement to address uncertainty?

• Expansion into new markets

• Acquisition of smaller companies

• Reduction of the dividend to 16 cents

• Increase in capital expenditure

What is Shell's current gearing level as mentioned by the speaker?

• More than 35%

• Slightly less than 29%

• Exactly 25%

• Less than 20%

What is Shell's target gearing level for the future?

• Above 30%

• Below 20%

• Exactly 29%

• Below 25%

How much liquidity does Shell have access to, according to the speaker?

• $20 billion

• $40 billion

• $30 billion

• $10 billion