Centrica’s FY21 results beat expectations as the E&P subsidiary Spirit Energy benefited from surging commodity prices for oil and gas. Even if the group remains confident regarding the 2022 outlook, the current markets’ volatility enlarge the range of possible outcomes and reduce visibility.
Despite the strong figures and an impressive net cash position, no dividend will be proposed for 2021. Instead, Centrica is paving the way for a dividend in respect of 2022 and possible share repurchase pr ....
24 Feb 2022
FY21: E&P lifts profits, outlook is positive even if low visibility
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FY21: E&P lifts profits, outlook is positive even if low visibility
Centrica plc (CNA:LON) | 132 -1.8 (-1.1%) | Mkt Cap: 7,038m
- Published:
24 Feb 2022 -
Author:
Nicolas Bouthors -
Pages:
3
Centrica’s FY21 results beat expectations as the E&P subsidiary Spirit Energy benefited from surging commodity prices for oil and gas. Even if the group remains confident regarding the 2022 outlook, the current markets’ volatility enlarge the range of possible outcomes and reduce visibility.
Despite the strong figures and an impressive net cash position, no dividend will be proposed for 2021. Instead, Centrica is paving the way for a dividend in respect of 2022 and possible share repurchase pr ....