Shell announces another US$4bn buyback and plans dividend increase
Earlier this month the oil supermajor had warned that profits for the third quarter would be lower
Company
Shell PLC
LON:SHEL
Shell PLC is a global group of energy and petrochemical companies with more than 80,000 employees in more than 70 countries. The group uses advanced technologies and take an innovative approach to help build a sustainable energy future.
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Shell and BP tipped to pour more excess cash into share buy-backs
Shell reports on Thursday, whilst BP's third-quarter results are due 1 November.
Week ahead: Lloyds, Barclays and other banks, IAG, Glencore and US tech titans pack the diary
The battle to be the third UK Prime Minister of the year, plus central bank rate hikes and some key macro data
Dividend cover improves for London-listed companies thanks to Shell and BP- research
The analysis showed there has been no increase in yield traps – companies that have seductively attractive dividends that they are unlikely to be able to sustain
Hundreds of North Sea sites available as new licensing round announced
"Putin's illegal invasion of Ukraine means it is now more important than ever that we make the most of sovereign energy resources," said Business Secretary Jacob Rees-Mogg
Shell shares fall after warning of lower profits, UBS remains positive
Broker UBS said the trading update points to a weaker third quarter than it expected, primarily driven by results from Shell's Integrated Gas division
Shell's Q3 results to be hit by weaker refining margins and lower gas profits
The oil and gas giant said refining margins in its chemicals and products division were US$15/bbl compared to US$28/bbl in the second quarter, which is expected to take between US$1bn to US$1.4bn off adjusted EBITDA
Shell increases UK North Sea presence with acquisition of Victory gas discovery
Victory has been described as a “relatively simple” tie-back gas development, albeit located in the West of Shetland region
Shell's boss suggests tax on energy companies to help households
Van Beurden criticised the energy price cap, saying oil and gas and energy companies would struggle to bring extra supplies if the price incentive wasn’t there
Shell appoints from within, but why do giant companies love in-house recruitment?
Internal hires maintain continuity of tone and strategy
Shell confirms the exit of CEO Ben van Beurden; names successor
van Beurden's successor as Shell CEO will be Wael Sawan, who currently heads the company’s gas, renewables and energy solutions business
Archive
FTSE 100 rebounds at the close to finish slightly ahead
Brent crude oil fell 3% on Thursday on expectations of weaker demand and a strong US dollar.
Shell boss to step down next year - report
Four candidates have been earmarked as his possible successor
Energy and oil giants to bank £170bn in profits over next two years, report
The analysis showed that around 40% of these excess profits will go to big power producers
Oil prices tumble on recession fears and Iran rumours
In response to looming rate hikes by central banks and the OPEC+ meeting next week, oil prices slid
Shell chief warns European gas shortages will last several winters
Warning could raise the prospect of further rationing and demand for alternatives
Shell fined by UK energy watchdog for charging thousands of customers more than the price cap
Shell Energy Retail created “additional financial hardship" for the customers at a time when energy prices are at historic high levels, the regulator said
UK government announces £20mln boost to EV charge point scheme
The government is aiming to increase the UK’s charge points to 300,000 by 2030
In the face of record dividends, is this the best time to be a shareholder?
97 out of 100 FTSE 100 companies are expected to pay a dividend in 2022
UBS flags FTSE 350 stocks that are 'quality but trading on recession discount'
Strategists screened for three factors for ideal stocks, including that their shares are trading below price-to-book and how their 'recession-adjusted P/E' compared with their 10-year average