08:40 AM EDT, 03/14/2024 (MT Newswires) -- Shell (SHEL) said Thursday that it is lowering its net carbon intensity target for 2030.

"We are now targeting a 15% to 20% reduction by 2030 in the net carbon intensity of the energy products we sell, compared with 2016, against our previous target of 20%," the company said in a release.

Shell also said it will invest $10 billion to $15 billion in low-carbon energy solutions between 2023 and the end of 2025. It invested $5.6 billion on low-carbon solutions in 2023, which it said is more than 23% of its total capital spending.

Price: 65.65, Change: -0.06, Percent Change: -0.09