Shell Plc (SHEL)

[peterquinnvet]

Booming prices for oil and natural gas propelled Shell’s profit in the fourth quarter of 2021, lifting its adjusted earnings to $6.39 billion, up from $393 million a year earlier, the company reported Thursday.

Shell, Europe’s largest energy company, also said that it would accelerate returns to shareholders, buying back $8.5 billion in shares in the first half of 2022 — a big increase on the total of $3.5 billion set aside for buybacks in 2021.

Shell also said it would increase the dividend it pays to shareholders by 4 percent, to 25 cents per share for the first quarter.

Source: https://www.nytimes.com/2022/02/03/business/shell-4q-earnings.html