Shell raises dividend for second time in six months after first-quarter earnings beat forecasts
Sam Meredith: PUBLISHED THU, APR 29 20212:09 AM EDT
KEY POINTS- The Anglo-Dutch company reported adjusted earnings of $3.2 billion for the three months through to the end of March. Analysts had expected $3.1 billion, according to Refinitiv.
- Shell also raised its dividend by around 4%, its second increase in six months.
- It comes as energy majors seek to reassure investors that they have gained a more stable footing in recent months.
LONDON — Oil giant Royal Dutch Shell on Thursday reported slightly better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.
Shell also raised its dividend by around 4%, its second increase in six months, as the oil major seeks to reassure investors it has gained a more stable footing. It comes after Shell slashed its payout for the first time since World War II in April last year.