Shell To Hike Dividend After Another Very Strong Quarter

Shell (NYSE: SHEL) 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. Shell reported on Thursday adjusted earnings—the measure most closely watched by analysts—of $9.454 billion for the third quarter, in line with Refinitiv’s forecast of $9.5 billion. This was the second-highest quarterly profit for Shell ever, after the record earnings of $11.472 billion for the second quarter. …

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