7/29, 8:04 AM (Source: TeleTrader)
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Shell posts income of $3.4B in Q2

Royal Dutch Shell plc announced on Thursday that its income attributable to shareholders in the second quarter of 2021 stood at $3.4 billion, improving from a loss of $18.1 billion in the same quarter in 2020.

Meanwhile, adjusted earnings in the three-month period skyrocketed 762% to $5.5 million. The energy giant also announced a dividend in the amount of $0.24 per share.

"We are stepping up our shareholder distributions today, increasing dividends and starting share buybacks, while we continue to invest for the future of energy. The quality of Shell’s operational and financial delivery and strengthened balance sheet have given the Board confidence to rebase the dividend per share from Q2 2021 onwards to 24 US cents. We are also launching $2 billion of share buybacks, which is targeted to be completed by the end of this year," CEO Ben van Beurden stated.

Breaking the News / NP