Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend

Epoch-Times-Bot · Oct 27, 2022, 01:00 PM

Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend

LONDON—Shell on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said it will sharply boost its dividend by the end of 2022 when its CEO departs.
The British oil and gas giant also extended its share repurchasing program, announcing plans to buy $4 billion of stock over the next three months after completing $6 billion in purchases in the second quarter.
Shell said it intends to increase its dividend by 15 percent in the fourth quarter, when Chief Executive Officer Ben van Beurden will step down after nine years at the helm. The dividend will be paid in March 2023....

Source: Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend

xenzol · Jun 08, 2024, 08:36 PM

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xenzol · Aug 09, 2024, 06:09 PM

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Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend

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