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Cision Canada
2 days ago
- Business
- Cision Canada
First cargo leaves LNG Canada
CALGARY, AB, June 30, 2025 /CNW/ -- Shell Canada Energy, an affiliate of Shell plc ("Shell"), announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has the largest working interest in the LNG Canada joint venture. Located in Kitimat, British Columbia, the facility will export LNG from two processing units or "trains" with total capacity of 14 million tonnes per annum (mtpa). "LNG Canada grows our leading integrated gas portfolio, providing a reliable supply of LNG to markets, most notably in Asia," said Cederic Cremers, Shell's President, Integrated Gas. "We expect that supplying LNG will be the biggest contribution Shell will make to the energy transition over the next decade, and projects like LNG Canada position our portfolio to achieve this." As Asian markets transition away from coal, exports from LNG Canada are well positioned to play a crucial role in global decarbonisation efforts. LNG is a lower-carbon alternative to coal when used for electricity generation and a partner for intermittent renewables. Shell's LNG Outlook 2025 forecasts global demand for LNG is set to rise by around 60% by 2040, largely driven by economic growth in Asia. LNG Canada's strategic location on Canada's Pacific Coast connects cost-competitive upstream gas from British Columbia to growing Asian demand. LNG Canada brings a new source of economic development to British Columbia, delivering a competitive, secure, and reliable source of energy in partnership with local communities and First Nations. Notes to editors LNG Canada is a joint venture comprised of Shell plc, through its affiliate Shell Canada Energy (40%); PETRONAS, through its wholly-owned entity, North Montney LNG Limited Partnership (25%); PetroChina Company Limited, through its subsidiary PetroChina Canada Limited (15%); Mitsubishi Corporation, through its subsidiary Diamond LNG Canada Ltd. (15%); and Korea Gas Corporation, through its wholly-owned subsidiary Kogas Canada LNG Ltd (5%). It is operated through LNG Canada Development Inc. At Capital Markets Day 2025, Shell announced plans to reinforce our leadership position in liquefied natural gas (LNG) by growing sales by 4-5% per year through to 2030. Each LNG Canada joint venture participant will provide its own natural gas supply and individually offtake and market their respective share of LNG from the project. All LNG produced at the facility -- from day one -- will be provided to Shell and the other joint venture participants. Over 50,000 Canadians have worked on the LNG Canada venture with more than CAD $5.8 billion in contracts and subcontracts to local, Indigenous-owned and other businesses in British Columbia. The project includes an option for a future Phase 2 expansion, which could include the construction of two additional LNG trains, bringing total capacity to 28 million tonnes per annum (mtpa). Enquiries UK / International Media Relations: +44 20 7934 5550 Americas Media Relations: Asia Pacific Media Relations: [email protected] Middle East and North Africa Media Relations: [email protected] Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ''anticipate''; "aspire", "aspiration", ''believe''; "commit"; "commitment"; ''could''; "desire"; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; "milestones"; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; "schedule"; ''seek''; ''should''; ''target''; "vision"; ''will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2024 (available at and These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, June 30, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensity Also, in this announcement we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website
Yahoo
04-06-2025
- Business
- Yahoo
Valmet announces a new strategy, 'Lead the Way', and publishes new 2030 financial targets
Valmet Oyj's stock exchange release on June 4, 2025 at 8:30 p.m. EEST ESPOO, Finland., June 4, 2025 /PRNewswire/ -- Valmet is holding its Capital Markets Day 2025 tomorrow June 5, 2025, presenting its new strategy and 2030 financial targets designed to deliver a step-up improvement in financial performance, growth, and ability to transform industries towards a regenerative tomorrow. "Since stepping into the role of President and CEO ten months ago, I've had the opportunity to engage deeply with our customers, employees and investors around the world. These conversations reaffirmed that Valmet's 225-year legacy, strong customer relationships, and highly committed people form a powerful foundation for the company's next chapter. At the same time, it became clear that realizing our full potential requires a shift in mindset and culture – one that elevates performance, sharpens accountability, and unlocks new levels of value creation. With our strategic renewal now complete, we are bringing sharper focus and higher ambition to everything we do. Our new strategy 'Lead the Way' is built on four fundamentals and a smaller number of more ambitious initiatives than before. The new operating model simplifies our structure, strengthens cost competitiveness, and reinforces accountability. For our people, this new strategy means improved role clarity, full empowerment, and accountability. For our stakeholders, it translates to greater customer value, improved financial performance, and stronger shareholder returns," says Valmet's President and CEO Thomas Hinnerskov. New strategy 'Lead the Way' The new strategy is designed to create an accountable high-performance culture and accelerate the growth trajectory towards bolder targets with increased cost competitiveness. During the strategy renewal Valmet has defined its purpose as 'Transforming industries towards a regenerative tomorrow'. Valmet's new Strategy 'Lead the Way' is based on four strategic fundamentals: Customer success Lifecycle commitment Global competitiveness Accountability These strategic fundamentals are being reinforced by Valmet's operating model renewal, announced on March 31, 2025, and becoming effective on July 1, 2025. The new operating model allows the company to operate with strong business areas close to customers, providing integrated expertise in services and technology. A newly formed Global Supply unit for manufacturing and procurement will centrally drive operational excellence and ensure cost competitiveness. 2030 Financial Targets Valmet's new 2030 financial targets reflect a step change in ambition. Valmet's financial targets are the following (previous targets in brackets): Organic net sales growth (CAGR) over the cycle of 5% (previously: over two times the market growth or exceed market growth) Comparable EBITA margin of 15% (previously: 12–14%) Comparable return on capital employed before taxes (Comparable ROCE) of 20% (previously: at least 15%) Gearing below 50% (new target) Valmet is establishing clear capital allocation priorities to support the strategy and long-term value creation. Segment-specific strategic missions, priorities and targets Valmet is setting two distinct strategic missions and sets of strategic priorities for two segments within the company. Biomaterial Solutions and Services segment consists of three business areas: Pulp, Energy and Circularity; Packaging and Paper; and Tissue. Strategic mission for the segment is Advancing circularity. Segment has three strategic priorities: Seamless lifecycle approach to grow in services and technology Continuous innovation with customers, leading the way towards circularity Relentless drive for product cost competitiveness The new Global Supply organization targets EUR 100 million of cost efficiencies by optimizing procurement, logistics, and manufacturing activities across the full Biomaterial Solutions and Services 2030, the segment seeks to double the organic growth in biomaterial services to 8% and reach 14% Comparable EBITA margin (LTM Q1 2025: 10.5%). Process Performance Solutions segment consists of two business areas: Automation Solutions and Flow Control. Strategic mission for the segment is Unlocking resource efficiency. Segment has three strategic priorities: Leading lifecycle value, reliability and customer experience Customer-focused innovation and strategic portfolio expansion Growth in high-quality technologies and digital capabilities in mission-critical solutions By 2030, the segment seeks to accelerate organic growth to over double the market rate and reach 20% Comparable EBITA margin (LTM Q1 2025: 17.6%). Guidance for 2025 unchanged Valmet reiterates its guidance issued on February 13, 2025, in which Valmet estimates that net sales in 2025 will remain at the previous year's level in comparison with 2024 (EUR 5,359 million) and Comparable EBITA in 2025 will remain at the previous year's level in comparison with 2024 (EUR 609 million). Capital Markets Day on June 5, 2025 To present the new strategy in more detail and answer questions, Valmet will host its 2025 Capital Markets Day tomorrow. The event can be followed via a live webcast at The webcast will run from 12:00 to 3:00 p.m. EEST. A recording of the event will be available at the same address shortly after the event. Presentation materials will be available on Valmet's CMD 2025 website by the beginning of the event. The language of the event and materials is English. Further information about Valmet's Capital Markets Day, please contact:Investors and analysts: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020Media: Antti Ylitalo, Director, External Communications, Valmet, tel. +358 10 672 0000 VALMET Katri HokkanenCFOPekka RouhiainenVP, Investor Relations DISTRIBUTION:Nasdaq HelsinkiMajor Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day. The company has more than 225 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion. Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland. Follow us on | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram | Processing of personal data This information was brought to you by Cision View original content:
Yahoo
04-06-2025
- Business
- Yahoo
Valmet announces a new strategy, 'Lead the Way', and publishes new 2030 financial targets
Valmet Oyj's stock exchange release on June 4, 2025 at 8:30 p.m. EEST ESPOO, Finland., June 4, 2025 /PRNewswire/ -- Valmet is holding its Capital Markets Day 2025 tomorrow June 5, 2025, presenting its new strategy and 2030 financial targets designed to deliver a step-up improvement in financial performance, growth, and ability to transform industries towards a regenerative tomorrow. "Since stepping into the role of President and CEO ten months ago, I've had the opportunity to engage deeply with our customers, employees and investors around the world. These conversations reaffirmed that Valmet's 225-year legacy, strong customer relationships, and highly committed people form a powerful foundation for the company's next chapter. At the same time, it became clear that realizing our full potential requires a shift in mindset and culture – one that elevates performance, sharpens accountability, and unlocks new levels of value creation. With our strategic renewal now complete, we are bringing sharper focus and higher ambition to everything we do. Our new strategy 'Lead the Way' is built on four fundamentals and a smaller number of more ambitious initiatives than before. The new operating model simplifies our structure, strengthens cost competitiveness, and reinforces accountability. For our people, this new strategy means improved role clarity, full empowerment, and accountability. For our stakeholders, it translates to greater customer value, improved financial performance, and stronger shareholder returns," says Valmet's President and CEO Thomas Hinnerskov. New strategy 'Lead the Way' The new strategy is designed to create an accountable high-performance culture and accelerate the growth trajectory towards bolder targets with increased cost competitiveness. During the strategy renewal Valmet has defined its purpose as 'Transforming industries towards a regenerative tomorrow'. Valmet's new Strategy 'Lead the Way' is based on four strategic fundamentals: Customer success Lifecycle commitment Global competitiveness Accountability These strategic fundamentals are being reinforced by Valmet's operating model renewal, announced on March 31, 2025, and becoming effective on July 1, 2025. The new operating model allows the company to operate with strong business areas close to customers, providing integrated expertise in services and technology. A newly formed Global Supply unit for manufacturing and procurement will centrally drive operational excellence and ensure cost competitiveness. 2030 Financial Targets Valmet's new 2030 financial targets reflect a step change in ambition. Valmet's financial targets are the following (previous targets in brackets): Organic net sales growth (CAGR) over the cycle of 5% (previously: over two times the market growth or exceed market growth) Comparable EBITA margin of 15% (previously: 12–14%) Comparable return on capital employed before taxes (Comparable ROCE) of 20% (previously: at least 15%) Gearing below 50% (new target) Valmet is establishing clear capital allocation priorities to support the strategy and long-term value creation. Segment-specific strategic missions, priorities and targets Valmet is setting two distinct strategic missions and sets of strategic priorities for two segments within the company. Biomaterial Solutions and Services segment consists of three business areas: Pulp, Energy and Circularity; Packaging and Paper; and Tissue. Strategic mission for the segment is Advancing circularity. Segment has three strategic priorities: Seamless lifecycle approach to grow in services and technology Continuous innovation with customers, leading the way towards circularity Relentless drive for product cost competitiveness The new Global Supply organization targets EUR 100 million of cost efficiencies by optimizing procurement, logistics, and manufacturing activities across the full Biomaterial Solutions and Services 2030, the segment seeks to double the organic growth in biomaterial services to 8% and reach 14% Comparable EBITA margin (LTM Q1 2025: 10.5%). Process Performance Solutions segment consists of two business areas: Automation Solutions and Flow Control. Strategic mission for the segment is Unlocking resource efficiency. Segment has three strategic priorities: Leading lifecycle value, reliability and customer experience Customer-focused innovation and strategic portfolio expansion Growth in high-quality technologies and digital capabilities in mission-critical solutions By 2030, the segment seeks to accelerate organic growth to over double the market rate and reach 20% Comparable EBITA margin (LTM Q1 2025: 17.6%). Guidance for 2025 unchanged Valmet reiterates its guidance issued on February 13, 2025, in which Valmet estimates that net sales in 2025 will remain at the previous year's level in comparison with 2024 (EUR 5,359 million) and Comparable EBITA in 2025 will remain at the previous year's level in comparison with 2024 (EUR 609 million). Capital Markets Day on June 5, 2025 To present the new strategy in more detail and answer questions, Valmet will host its 2025 Capital Markets Day tomorrow. The event can be followed via a live webcast at The webcast will run from 12:00 to 3:00 p.m. EEST. A recording of the event will be available at the same address shortly after the event. Presentation materials will be available on Valmet's CMD 2025 website by the beginning of the event. The language of the event and materials is English. Further information about Valmet's Capital Markets Day, please contact:Investors and analysts: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020Media: Antti Ylitalo, Director, External Communications, Valmet, tel. +358 10 672 0000 VALMET Katri HokkanenCFOPekka RouhiainenVP, Investor Relations DISTRIBUTION:Nasdaq HelsinkiMajor Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day. The company has more than 225 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion. Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland. Follow us on | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram | Processing of personal data This information was brought to you by Cision View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-03-2025
- Business
- Yahoo
Shell Announces Shareholder Payouts Boost, Launches $3.5B Buyback Program
March 25 - Shell (SHEL, Financial) plans to ramp up shareholder returns while tightening spending as it strengthens its focus on liquefied natural gas (LNG). Ahead of its Capital Markets Day 2025 event, the company laid out a strategy that boosts shareholder distributions and streamlines costs. Shell aims to return 40-50% of its cash flow from operations to shareholders, increasing from the previous 30-40% range. The company also maintains a 4% annual dividend growth target and expects free cash flow per share to rise by over 10% per year through 2030. Capital spending will be trimmed to $20-22 billion annually through 2028, a reduction from the $22-25 billion target set for 2024 and 2025. Shell also revised its cost-cutting goal, aiming for cumulative savings of $5-7 billion by 2028, up from the $2-3 billion originally planned for 2022. As the world's largest LNG trader, Shell expects its integrated gas and upstream output to grow 1% annually through 2030, with LNG sales rising 4-5% per year. Meanwhile, oil production will hold steady at 1.4 million barrels per day until the end of the decade. A shift toward lower-carbon investments remains part of Shell's plan, with 10% of capital allocation directed toward this segment by 2030. Despite the earnings miss, Shell raised its dividend per share by 4% and initiated a $3.5 billion stock buyback program. Analysts at RBC noted that while Shell's update signals continuity rather than drastic change, stronger cost reductions, lower capital expenditure guidance, and higher-than-expected shareholder returns position the company favorably. This article first appeared on GuruFocus.
