£18bn Shell-out to shareholders

£18bn Shell-out to shareholders
 

The oil giant's profits rose by a third to £3.6billion compared with the previous year on the back of rising production and prices, despite impairment charges of about £1.1billion, largely for US shale assets.
Shell expects to buy back a total of up to £4.7billion of stock this year and next, with increased dividend payouts making up the rest of the £18billion return to investors.
Van Beurden said Shell had ramped up production in the Gulf of Mexico and its exploration programme had delivered new finds there and in Malaysia. He said: “I am determined to get a tighter grip on business... read more

 
1 August 2014 in Business, Views: 22
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31