Strong beat with and adjusted profit of $6.4bn, +55% qoq and adjusted EBITDA of $16.3bn, +21% qoq. Gains stem from the integrated gas division (+58% qoq at $6bn) and the upstream division (+25%) thanks to the higher oil & gas prices. The company announced an $8.5bn share buy-back programme for H1 22. Essentially, this is supported by the $5.5bn of proceeds from the Permian divestment and strong cash generation in H2 21.
03 Feb 2022
Q4: $8.5bn buy-back on a strong quarter
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Q4: $8.5bn buy-back on a strong quarter
Shell Plc (SHEL:LON) | 2,624 288.6 0.4% | Mkt Cap: 168,906m
- Published:
03 Feb 2022 -
Author:
Kevin VO -
Pages:
3
Strong beat with and adjusted profit of $6.4bn, +55% qoq and adjusted EBITDA of $16.3bn, +21% qoq. Gains stem from the integrated gas division (+58% qoq at $6bn) and the upstream division (+25%) thanks to the higher oil & gas prices. The company announced an $8.5bn share buy-back programme for H1 22. Essentially, this is supported by the $5.5bn of proceeds from the Permian divestment and strong cash generation in H2 21.