Shell 2Q Net Profit Fell QoQ, Launches $2 Billion Buyback
July 29 2021 - 2:44AM
Dow Jones News
By Jaime Llinares Taboada
Royal Dutch Shell PLC on Thursday reported that its net profit
fell in the second quarter from the immediately prior period, and
launched a $2.0 billion buyback.
The Anglo-Dutch energy company made a net profit of $3.43
billion for the three months to June, down from $5.66 billion in
the first quarter.
However, adjusted earnings on a current cost of supply basis
rose to $5.53 billion from $3.23 billion, beating a market
consensus of $5.07 billion--taken from Vara Research and based on
21 analysts' estimates.
In addition, Shell said it will paid a dividend of 0.24 cents a
share for the period, and launched a $2.0 billion share buyback,
which is targeted to be completed by the end of 2021.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 29, 2021 02:33 ET (06:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Shell (LSE:SHEL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Shell (LSE:SHEL)
Historical Stock Chart
From Sep 2023 to Sep 2024