Shell To Hike Dividend After Another Very Strong Quarter

OilPrice.com | Oct 27, 2022 at 6:30 AM
  • Intends to lift its dividend and is launching a new share buyback program after reporting its second-highest quarterly earnings for Q3, second only to the record profit for the previous quarter.
  • This was the second-highest quarterly profit for Shell ever, after the record earnings of $11.472 billion for the second quarter.
  • The new share repurchase program is expected to be completed by the time the supermajor announces Q4 2022 results in early February 2023.