Shell Lifts Dividend as Profits Beat Estimates ...Middle East

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Shell Lifts Dividend as Profits Beat Estimates
source : OILPRICE ( Middle East ) () 14
Despite lower annual income for 2023 compared to its record-high profit of 2022, Shell (NYSE: SHEL) raised on Thursday its quarterly dividend and announced a new share buyback after beating consensus estimates for the fourth quarter and full year.      The UK-based supermajor reported today adjusted earnings of $7.3 billion for the fourth quarter, well ahead of estimates of $6.4 billion, thanks to strong LNG trading and optimization results. Even the chemicals and products segment, for which Shell had anticipated a loss…

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