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Shell’s Adjusted Earnings Fall More Than Expected; Launches $3.5 Billion Buyback
Shell’s adjusted earnings fell more the market expected after its integrated gas division, weak oil prices and low refining margins weighed on its results in the fourth quarter.The oil-and-gas major’s adjusted earnings–a closely watched company metric that strips out certain commodity price adjustments and one-time charges–dropped to $3.
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 launches $3.5 billion share buyback program
LONDON - Shell (LON:SHEL) plc announced on Thursday the launch of a $3.5 billion share buyback program, aiming to reduce its issued share capital. The buyback, which will see all repurchased shares cancelled,
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.
2h
on MSN
Shell Takes $1 Billion Hit on Wind Farm That 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Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
5h
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 ...
7h
Oil giant Shell posts larger-than-expected drop in full-year profit on lower crude prices
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
Crude Oil Prices
1h
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, ...
5h
UK must reconsider Shell and Equinor's North Sea gas, oil projects, court rules
Britain's approvals for two vast North Sea oil and gas fields were overturned by a Scottish court on Thursday, in a ...
44m
Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility
Shell is swapping its remaining 10 per cent stake in the Albian mines in exchange for a 10 per cent interest in the Scotford ...
4h
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 North Sea.
17h
on MSN
Elaborate burial site of ‘The Ivory Lady’ and her descendants contains more than 270,000 shell beads
Women buried in a lavish grave 5,000 years ago wore beaded garments, suggesting they held positions of power. The beads could ...
6h
Shell raises dividend despite earnings slump
Despite the weaker than expected profits, the group raised its dividend by 4 per cent and said it would maintain its $3.5bn a quarter share buyback programme. The group reported adjusted earnings of ...
1d
Shell’s US unit acquires a Rhode Island power plant
The global energy company Shell has completed the acquisition of a power plant located just outside of Providence, which the ...
Legit on MSN
5h
Shell annual profit drops to $16 bn as oil prices fall
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as ...
The Canadian Press on MSN
1h
Shell leaves the Alberta oilsands
Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it ...
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