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Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa's richest man Aliko Dangote, the company said in a statement.
Deltic Energy PLC (AIM:DELT) has confirmed a significant step forward with exploration and appraisal project in the Southern North Sea, with Shell securing a rig contract for two wells. Contractor Valaris has been signed up for the drilling of the Selene exploration well and the Pensacola appraisal well.
Shell plc (SHEL) Q4 2023 Earnings Call Transcript
Energy giant Shell (SHEL) on Thursday reported a 2023 profit of $28 billion, down almost 30% from the previous year, but said it will raise its dividend and hand back $3.5 billion to shareholders.
Shell on Thursday hiked its dividend and vowed to buy back another $3.5 billion worth of its own shares after the company posted a less-than-expected drop in its adjusted earnings, in the face of falling commodity prices worldwide.
Shell CEO Wael Sawan says he is pleased with the energy major's progress in 2023, but recognizes that “that there is more to go."
Shell CEO Wael Sawan discusses shareholder payouts, oil prices and the outlook for liquefied natural gas supply and demand. He speaks with Bloomberg's Tom Mackenzie after the firm announced adjusted net income for the three months ended Dec. 31 of $7.31 billion, beating analyst estimates.
Shell PLC (LSE:SHEL, NYSE:SHEL) on Thursday launched a $3.5 billion share buyback, and boosted the dividend 4%, despite reporting a big drop in fourth quarter profit. The FTSE 100-listed oil and gas producer said fourth quarter adjusted earnings were $7.31 billion, up from $6.22 billion from the third quarter, but down from $9.81 billion the year prior.
Shell on Thursday reported a 2023 profit of $28 billion, down 30% from the previous year's record as oil and gas prices cooled, still allowing the firm to increase its dividend by 4% and extend its share repurchases.
British oil giant Shell on Thursday beat expectations for full-year profit and announced a $3.5 billion share buyback program of $3.5 billion.