Shell: dividends and share buybacks overshadow financial statements

(CercleFinance.com) - On Thursday, Shell reported a lower-than-expected profit for its 4th quarter, a disappointment that was more than offset by the announcement of a higher dividend and the launch of new share buybacks.


For the last three months of 2024, the oil company's adjusted profit came to $3.7 billion, compared with $7.3 billion a year earlier, where analysts were anticipating an average of $4.1 billion.

In a reaction note, the RBC teams explain this underperformance by the disappointing results of downstream activities, as illustrated by heavier-than-expected losses in the chemicals division and lower results in oil trading.

On the positive side, Shell announced that it would increase its quarterly dividend by 4% to $0.3580 per share.

The group, which has just completed the $3.5 billion share buyback program it unveiled three months ago, also plans to devote a further $3.5 billion to the acquisition of its own shares.

Following these announcements, the share gained 0.3% on Thursday morning in early trading on the London Stock Exchange.

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