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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 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 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.
17h
on MSN
Shell Takes $1 Billion Hit on Wind Farm Trump Wants ‘Dead’
Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
14h
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's ...
18h
Shell and Equinor Production Blocked at 2 Sites Off British Coast
A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the ...
2d
on MSN
Matt Seidler responds to Sheel Seidler’s lawsuit in court filing
Matt Seidler’s attorneys filed an answer to the court Monday rejecting the claims of Peter Seidler’s widow and accusing her ...
21h
on MSN
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 ...
19h
on MSN
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 ...
1d
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.
1d
Shell Q4: Lower Earnings, Cost Reductions, Dividend Boost And More
Shell reports Q4 results, with revenue of $66.28 billion. The company announced the start of a share buyback program worth $3 ...
E&E
18h
Shell hits pause on NJ offshore wind project
The announcement clouds the future of the Atlantic Shores Offshore Wind venture, a punching bag for President Donald Trump.
23h
on MSN
Shell Keeps $3.5 Billion Buyback Amid Earnings Miss
The oil-and-gas company’s adjusted earnings fell more than expected, weighed by lower oil prices and refining margins.
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