Shell rallies after boosting dividend, buybacks despite Q4 profit drop
Shell (NYSE:SHEL) +3.2% in Thursday's trading despite missing Q4 earnings and revenue estimates, weighed by weaker oil and gas prices and demand, but the company increased shareholder returns in a sign of confidence in its strategy of refocusing on its most profitable sectors.
Shell dividend hike drives shares higher despite profit miss
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.
Shell Q4: Lower Earnings, Cost Reductions, Dividend Boost And More
Shell plc (NYSE:SHEL) shares are trading higher following fourth-quarter results. Revenue of $66.28 billion missed the consensus of $71.82 billion. Total production at Integrated Gas fell 4% quarter over quarter (Q/Q) to 905 kboe/d,
Oil giant Shell raises dividend despite full-year profit miss
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
Shell raises shareholder dividend despite profit drop; share rise
Shell reported a 16% drop in profit for 2024 on Thursday amid weakness in oil and gas prices and in demand, but shares rose after it raised its dividend by 4%. The oil major also announced a $3.5 billion share buyback for the current quarter,
Shell raises dividend to shareholders as profit falls amid lower oil prices
The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.
Shell plc Fourth Quarter 2024 Interim Dividend
The Board of Shell plc (the “Company”) (XLON: SHEL, XNYS: SHEL, XAMS: SHELL) today announced an interim dividend in ...
Crude Oil Prices1d
Shell Hikes Dividend and Buybacks Despite Underwhelming Earnings
Despite lower-than-expected fourth-quarter earnings, Shell increased its dividend and announced a new share buyback program, ...
Shell still reviewing moving listing away from London but not a live discussion
Oil company Shell says is still mulling moving its stock market listing from London to New York but that it wasn't a “live ...
Shell announces 35.8c per share interim dividend
Shell (SHEL) announced an interim dividend in respect of the fourth quarter of 35.8c per ordinary share. Shareholders will be able to elect to ...
Crude Oil Prices1d
Energy Transition Takes a Backseat as Shell Rewards Shareholders
Shell's 2024 financial results reveal a prioritization of shareholder returns through increased dividends and share buybacks, ...
Shell Q4 Earnings Miss on Lower Prices, Still Raises Dividend
SHEL reported cash flow from operations of $13.2 billion in Q4, returned $2.1 billion to its shareholders through dividends and spent $6.5 billion on capital projects.
Shell Stock: Profit Slump Offset by Strong Shareholder Returns
Shell experienced a significant decline in profits during the past year, with adjusted earnings dropping to $3.7 billion in the final quarter, marking a 50% decrease from the previous year and falling ...
FTSE 100 Live 30 January: Shell profits fall but hikes dividend, BT posts update
BT Group today said the roll out of full fibre broadband passed more than one million premises for the fourth consecutive ...