Adjusted net income was slightly above consensus, with gains in Upstream on higher oil and gas prices as well as in the Commercial division, mainly due to higher sales volumes in Mobility.
This supports a dividend increase of 5% (to €0.63 per share) and a buy-back programme of 35m shares (c. €400m). All in all, positive results with a distribution that moves ahead of the initial plan (which was guiding for a stable dividend for 2021 and 2022).
29 Oct 2021
Q3: distribution improves
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Q3: distribution improves
Adjusted net income was slightly above consensus, with gains in Upstream on higher oil and gas prices as well as in the Commercial division, mainly due to higher sales volumes in Mobility.
This supports a dividend increase of 5% (to €0.63 per share) and a buy-back programme of 35m shares (c. €400m). All in all, positive results with a distribution that moves ahead of the initial plan (which was guiding for a stable dividend for 2021 and 2022).