05 May 2022

Q1: H2 distribution above 30% of CFFO

Shell Plc (SHEL:LON) | 2,624 196.8 0.3% | Mkt Cap: 155,082m

- Kevin VO
- 3 pages

The results are above consensus with an adjusted profit of $9.13bn (+43% qoq) and adjusted EBITDA of $19bn (+16% qoq), with gains in Upstream as well as in trading margins. Shell announces that shareholders’ distribution in H2 (div + buy-backs) is going to be above 30% of CFFO, a positive and above the guidance of 20-30% of CFFO. Currently, Shell is busy with its $8.5bn buy-back (announced in Q4 21) with $4.5bn remaining and to be executed this quarter.

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Q1: H2 distribution above 30% of CFFO

Shell Plc (SHEL:LON) | 2,624 196.8 0.3% | Mkt Cap: 155,082m

Published: 05 May 2022
Author: Kevin VO
Pages: 3

The results are above consensus with an adjusted profit of $9.13bn (+43% qoq) and adjusted EBITDA of $19bn (+16% qoq), with gains in Upstream as well as in trading margins. Shell announces that shareholders’ distribution in H2 (div + buy-backs) is going to be above 30% of CFFO, a positive and above the guidance of 20-30% of CFFO. Currently, Shell is busy with its $8.5bn buy-back (announced in Q4 21) with $4.5bn remaining and to be executed this quarter.