Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘April 29th, 2021’

Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

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. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
%d bloggers like this: