Shell investors in line for multibillion-dollar windfall despite weak profits
by Jillian Ambrose Energy correspondent from World news | The Guardian on (#6TY1H)
A 4% dividend increase alongside share buybacks of $3.5bn for last three months of year awaits shareholders
Shell has given its investors a multibillion-dollar windfall despite reporting weaker-than-expected profits of $23.7bn (19bn) for last year as global oil and gas prices tumbled.
Shareholders of Europe's biggest oil company are in line for a 4% dividend increase alongside share buybacks of $3.5bn for the last three months of the year.
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