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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 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 $3.5 billion.
Oil giant Shell boosts shareholder returns despite larger-than-expected drop in full-year profit
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
21h
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Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
17h
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 ...
9h
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.
1d
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
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 ...
22h
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 ...
5h
Shell’s Promising Financial Outlook and Strategic Initiatives Support Buy Rating
Analyst Roger Read from Wells Fargo maintained a Buy rating on Shell (SHEL – Research Report) and decreased the price target to $82.00 from ...
E&E
22h
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.
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 ...
3h
Scotiabank Sticks to Their Buy Rating for Shell (SHEL)
In a report released today, Paul Cheng from Scotiabank maintained a Buy rating on Shell (SHEL – Research Report), with a price target of ...
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