The British oil company Shell announced on Wednesday that it would pay its shareholders more. Its method is to intensify its commitment to its oil and gas activities, which generate the best returns

In a statement released ahead of an investor day, the group said it would increase its dividend, launch a share repurchase program of at least $5 billion, cut capital spending, maintain stable oil production, and reduce the size of its less profitable businesses.

Shell will distribute 30% to 40% of operating cash flow to shareholders throughout the cycle, compared to 20% to 30% so far. The improvement in shareholder remuneration will require an increase of 15% in the dividend per share starting in the second quarter. The company will also launch a share repurchase program worth at least $5 billion in the second half of the year