The Rising Influence of Rising Affluence

[DewDiligence]

SHEL reports record-high 2022 profit—boosts dividend—starts $4B accelerated_buyback (to be completed before 5/4/23):

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-070300957.html

https://finance.yahoo.com/news/shell-plc-fourth-quarter-2022-070200422.html

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-070300957.html

Approximately 60% of 4Q22 profit came from the LNG business.

The annualized dividend per ADS was boosted 15% to $2.30 (from $2.00). At the current ADS share price ($57.26), the yield is 4.0%.

Despite all of the above, SHEL is trading slightly down today because investors think SHEL’s business can’t get any better.