In March 2009, Shell unveiled its plans to spend between $31-$32 billion in 2009 with dividends for 2009 anticipated to be around $10 billion, or a 5% increase of first quarter of 2009 dividend per share compared to year-ago quarter levels.
In Shell’s 2009 capital budget announcement, Shell’s Chief Executive Officer, Jeroen van der Veer commented, These are testing times in the oil and gas industry. Whilst short-term measures are important, we keep our long-term perspective, and continue to believe that energy needs over the long term provide a positive context for Shell’s investment programs today.
