Oil and gas giant Shell in €111bn investor pledge

Oil-and-gas giant Shell plans to shower its investors in money, pledging returns of $125bn (€111.2bn) between 2021 and 2025. That’s twice as much as a decade earlier.

The firm says it can pull off this feat with crude at $60 a barrel and with only a small increase in capital spending, an aggressive move to keep shareholders on its side while it weathers a disruptive transition to lower-carbon energy.