Ads
related to: shell oil stock price dividend- 8 Major Investor Mistakes
Learn the 8 biggest mistakes
investors make & how to avoid them.
- Put Your Money to Work
Get this guide for ideas on where
to invest your retirement savings.
- 401(k) and IRA Tips
Learn the differences.
Is it time to rollover your 401(k)?
- 6 Pitfalls of Funds
Funds alone are not a
comprehensive investment strategy.
- 8 Major Investor Mistakes
Search results
Results From The WOW.Com Content Network
On 30 April 2020, Shell announced that it would cut its dividend for the first time since the Second World War, due to the oil price collapse following the reduction in oil demand during the COVID-19 pandemic. Shell stated that their net income adjusted for the cost of supply dropped to US$2.9 billion in three months to 31 March.
For premium support please call: 800-290-4726 more ways to reach us
The strong results cap a dramatic recovery in 2021 for Shell and the oil and gas sector after energy demand and prices collapsed in 2020 in the wake of the COVID-19 pandemic.
The oil giant said it would return the extra cash to shareholders through a $8.5bn share buyback, including $5.5bn in proceeds from the sale of oilfields in the Permian basin.
It will be the fifth time that Shell will have raised its dividend since slashing it by more than 60% in the wake of the 2020 COVID-19 pandemic. Shell reports drop in profit to $9.45 billion ...
While investors would like Shell (RDS.A) to hike its dividend, we believe the oil major would not want to undo its great work over the past couple of years.
Ad
related to: shell oil stock price dividend