Shell plc (SHEL) Q4 2023 Earnings Call Transcript

01:59pm, Thursday, 01'st Feb 2024
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 fall
Shell returned $23 billion to shareholders last year, said it was raising its dividend, and would continue its share buyback program.
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 n
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
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 sh
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.
Recent Red Sea diversions triggered a prolonged energy market impact. Despite U.S. and ally strikes on Houthi rebels, experts predict a months-long crisis causing a cargo container shortage.
Shell's (SHEL) strategic shift transforms the Wesseling site into a cutting-edge base oil plant, aligning with its sustainability goals and positively impacting the European Union's demand.
Shell's exit from Nigeria's onshore oil sector highlights risks oil majors face in Africa's biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta
There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
While Shell (SHEL) is optimistic about its integrated gas trading and production segments, it cautions that the chemicals and products segment is expected to report an adjusted earnings loss in Q4.
Barclays thinks while Shell's “first sprint” under the new leadership appears to be going well with an increased focus on competitiveness, discipline and costs, there is also more to do to close t
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