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Shell dividend hike drives shares
Shell dividend hike drives shares higher despite profit miss
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.
Shell rallies after boosting dividend, buybacks despite Q4 profit drop
Shell (NYSE:SHEL) +3.2% in Thursday's trading despite missing Q4 earnings and revenue estimates, weighed by weaker oil and gas prices and demand, but the company increased shareholder returns in a sign of confidence in its strategy of refocusing on its most profitable sectors.
Shell raises dividend to shareholders as profit falls amid lower oil prices
The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.
21h
on MSN
Shell Takes $1 Billion Hit on Wind Farm Trump Wants ‘Dead’
Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
18h
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's ...
9h
Shell Keeps $3.5 Billion Buyback Amid Earnings Miss
The oil-and-gas company’s adjusted earnings fell more than expected, weighed by lower oil prices and refining margins.
1d
on MSN
Shell still reviewing moving listing away from London but not a live discussion
Oil company Shell says is still mulling moving its stock market listing from London to New York but that it wasn't a “live ...
22h
Shell and Equinor Production Blocked at 2 Sites Off British Coast
A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the ...
19h
on MSN
Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?
Shell has withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest hit to the state’s clean ...
3h
Shell price target lowered to $82 from $86 at Wells Fargo
Wells Fargo lowered the firm’s price target on Shell (SHEL) to $82 from $86 and keeps an Overweight rating on the shares on CF adjustments.
1d
Oil giant Shell raises dividend despite full-year profit miss
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
6abc News
2h
Shell withdraws from Atlantic Shores wind project off New Jersey coast
Energy company Shell withdrew from the Atlantic Shores offshore wind project. Atlantic Shores said it remains committed to the project, and Gov. Phil Murphy has said it is vital to the state's ...
5h
Shell’s Promising Financial Outlook and Strategic Initiatives Support Buy Rating
Analyst Roger Read from Wells Fargo maintained a Buy rating on Shell (SHEL – Research Report) and decreased the price target to $82.00 from ...
22h
on MSN
UK must reconsider Shell and Equinor's North Sea gas, oil projects, court rules
Britain's approvals for two vast North Sea oil and gas fields were overturned by a Scottish court on Thursday, a significant ...
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