2/3, 8:04 AM (Source: TeleTrader)
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Shell's Q4 revenue rises to $11.5 billion

Shell PLC announced on Thursday that its income attributable to shareholders in the fourth quarter of the fiscal year 2021 came in at $11.5 billion, improving from the loss of $4.01 billion registered in the same period the year before.

The company's adjusted earnings advanced by 55% year-on-year to stand at $6.4 billion. Meanwhile, its earnings per share (EPS) reached $1.49 per share, which is an upgrade compared to the losses per share of $0.52 recorded in the same trimester in 2020.

"Progress made in 2021 will enable us to be bolder and move faster. We have a compelling strategy, with customers at its core. We have ambitious plans to generate shareholder value, to decarbonize our products and to provide energy to our customers while respecting nature," Shell's Chief Executive Officer (CEO) Ben van Beurden commented on the results.

Baha Breaking News (BBN) / JR