Shell: dividends and share buybacks overshadow results

(CercleFinance.com) - On Thursday, Shell reported lower-than-expected Q4 profit, alhough this disappointment was more than offset by the announcement of a higher dividend and the launch of new share buybacks.


For Q4 2024, the oil company's adjusted profit came to $3.7bn, compared with $7.3bn a year earlier, while analysts were anticipating an average of $4.1bn.

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

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

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


Copyright (c) 2025 CercleFinance.com. All rights reserved.