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Shell rallies after boosting dividend, buybacks despite Q4 profit drop
Shell shares rise despite missing Q4 earnings, as dividend increase and buyback showing confidence in refocused strategy.
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.
4h
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Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
3h
on MSN
Shell withdraws from big N.J. windfarm that Trump wanted ‘dead and gone’
A pullout of offshore wind could hurt communities like Paulsboro, where a wind-related port promised jobs and town revenue.
8h
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 ...
1d
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 ...
Crude Oil Prices
9h
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, ...
10h
on MSN
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 ...
E&E
4h
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.
13h
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 ...
3d
on MSN
Lawsuit, interviews offer differing accounts of Sheel Seidler’s past role with Padres
Peter Seidler’s widow contends in lawsuit she was intimately involved in running of team, a claim disputed by many involved ...
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