Shell has announced a substantial reward for its shareholders with a 4% dividend increase and $3.5 billion in share buybacks, despite reporting annual profits of $23.7 billion, which fell short of analyst expectations. This marks the 13th straight quarter of significant buybacks from the company. Shell's profitability has seen a decline from previous years, particularly due to lower global oil and gas prices, yet it continues to prioritize investor returns. The company’s CEO noted strong cash flow and cost reductions totaling $3 billion as factors in sustaining these returns.
Shell's investors received a multibillion-dollar windfall with a 4% dividend increase and $3.5bn in share buybacks, despite weaker annual profits.
Despite a profit decline to $23.7bn, Shell's strong cash flows and cost-cutting strategies have led to consistent shareholder returns over 13 consecutive quarters.
Collection
[
|
...
]