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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 Hikes Dividend and Launches $3.5B Buyback as Profits Fall Flat
British oil giant Shell (SHEL) hiked its dividend and set its sights on a $3.5 billion share buyback plan despite posting a significant drop in
Shell’s Adjusted Earnings Fall More Than Expected; Launches $3.5 Billion Buyback
Weak oil prices and low refining margins weighed on results, while the energy giant said it would buy back shares worth $3.5 billion.
11h
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 ...
9h
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 ...
7h
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Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Trump seeks to ...
16h
on MSN
Shell misses quarterly profit estimate; announces $3.5 billion share buyback
Shell reported a drop in fourth-quarter profit on Thursday, missing estimates due to lower refining margins and LNG trading, ...
14h
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 ...
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 ...
4h
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 ...
E&E
8h
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.
4h
Atlantic Shores Offshore Wind says it remains committed to NJ, despite Shell announcement
The future of a New Jersey offshore wind project appears in jeopardy after one of two parent companies announced pausing its involvement.
16h
Shell sees 2024 oil and gas reserve replacement ratio at 85%
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
18h
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.
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