Shell announced new strategies to deliver more value with less emissions.

The company said in a statement that it will reinforce its position in liquefied natural gas (LNG) by growing sales by 4-5% per year through to 2030.

It said also that it will grow its top line production across our combined Upstream and Integrated Gas business by 1% per year to 2030, sustaining the 1.4 million barrels per day (mmbl/d) of liquids production to 2030 with increasingly lower carbon intensity.

Additionally, Shell stated it will leverage competitive strengths to drive profitable and scalable businesses across its lower carbon platforms, expecting to have up to 10% of capital employed by 2030.

‘’We have made significant progress against all of the targets we set out at our Capital Markets Day in 2023. Thanks to the outstanding efforts of our people, we are transforming Shell to become simpler, more resilient and more competitive,’’ said CEO Wael Sawan. ‘‘We want to become the world’s leading integrated gas and LNG business and the most customer-focused energy marketer and trader, while sustaining a material level of liquids production. Today we are raising the bar across our key financial targets, investing where we have competitive strengths and delivering more for our shareholders.’’

Shell will continue to deliver more value with less emissions, growing in areas where we have competitive strengths, and providing a compelling investment case for our shareholders, now, and into the future.