Shell Q4: Lower Earnings, Cost Reductions, Dividend Boost And More - Shell (NYSE:SHEL)

Shell boosts payouts despite earnings slump

Shell is boosting the amount of money it will return to shareholders despite a slump in profits

Shell Hikes Dividend and Buybacks Despite Underwhelming Earnings

Shell (NYSE: SHEL) on Thursday raised its fourth-quarter dividend by 4% and announced a new share buyback program even as it reported earnings below expectation for the last quarter of 2024. The UK-based oil and gas supermajor booked $3.66 billion in adjusted earnings for the fourth quarter, below the analyst estimate of around $4 billion, and down from the $6 billion for the third quarter of 2024. The fourth-quarter earnings reflect lower price…

Shell reports larger than expected earnings drop and unveils stock buyback

This story incorporates reporting from NBC New York, Benzinga.com, Business Insider and NECN.Shell reported a larger-than-expected decline in adjusted earnings for the fourth quarter as the company navigates challenging market conditions. Despite the downturn, Shell announced a share buyback program worth $3.5…Read more...

Shell Q4: Lower Earnings, Cost Reductions, Dividend Boost And More - Shell (NYSE:SHEL)

Shell plc (NYSE:SHEL) shares are trading higher following fourth-quarter results. Revenue of $66.28 billion missed the consensus of $71.82 billion.  Total production at Integrated Gas fell 4% quarter over quarter (Q/Q) to 905 kboe/d, and Upstream rose 3% Q/Q at 1,859 kboe/d.  This compares to guidance for Integrated Gas production of 880 – 920 kboe/d oil-equivalent barrels per day. Meanwhile, sales volumes at Marketing declined 5% Q/Q to 2,795 t…

Shell raises shareholder dividend despite profit drop; share rise

Q4 2024 profit fell 16% year-on-year, but annual dividend was hiked 4%. [Image: Visual Content Team/Shell International Limited]

16:05 Shell will increase its dividend by 4 percent and will buy billions of its own shares. The British oil major thus spoils its shareholders, although profit fell by 16 percent due to lower...