Shell announces commencement of shareholder distributions from permian business sale proceeds

December 2, 2021  royal dutch shell plc (the ‘company') announces the commencement of up to $1.5 billion of share buybacks today, being the first tranche of the $7 billion shareholder distributions from the sale of the company's permian business in the united states.   the form and timing for distributing the remaining $5.5 billion (together with any unpurchased amount of the $1.5 billion of shares under this tranche) will be announced in early 2022.  these distributions are in addition to our shareholder distributions in the range of 20-30% of cash flow from operations.
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