Is Shell’s Surplus Cash Flow Why It Withdrew Scrip Dividend?

Its cash outflow from investing stood at $8 billion in 2017 compared to $30.9 billion in 2016, which included costs related to the BG Group acquisition. Also, in 2017, cash outflows from financing were $26.4 billion due to net debt outflows and dividend outflows. In 2017, Shell generated $35.7 billion in cash from operations but had a cash outflow of $20.8 billion in the form of capital expenditure and $10.9 billion in the form of dividends, amounting to a total of $31.7 billion of cash outflow.