4/29, 8:05 AM (Source: TeleTrader)
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Shell: Q1 income at $5.7 billion

Royal Dutch Shell plc announced on Thursday that income attributable to shareholders stood at $5.66 billion in the first quarter of fiscal 2021, significantly up from a loss of $24 million from the corresponding time span a year ago.

Diluted earnings per share totaled $0.72 in the first trimester, while total revenue and other income declined 3% on a yearly basis to land at $59.1 billion in the three-month period ending with March 31, 2021.

"Our integrated business model is ideally positioned to benefit from recovering demand. As previously announced, the first quarter 2021 dividend per share has been increased by around 4%, in line with our progressive dividend policy. We have reduced net debt by more than $4 billion this quarter, progressing towards the $65 billion milestone to increase shareholder distributions," CEO Ben van Beurden noted.

Breaking the News / MS