Results came in higher than consensus, with an adjusted EBIT of $15bn (+53% qoq), almost all on the back of the record gas prices in Europe. The capital distribution is significantly increased with the 2022 share buy-back programme of up to $5bn (with a tranche of $1bn starting now), and an extraordinary one for four quarters. This additional distribution (extraordinary dividend + additional buy-back) represents around 75-80% of the free cash flow this quarter ($8.6bn) and is therefore positive.
09 Feb 2022
Q4: extraordinary dividend to close the year
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Q4: extraordinary dividend to close the year
- Published:
09 Feb 2022 -
Author:
Kevin VO -
Pages:
3
Results came in higher than consensus, with an adjusted EBIT of $15bn (+53% qoq), almost all on the back of the record gas prices in Europe. The capital distribution is significantly increased with the 2022 share buy-back programme of up to $5bn (with a tranche of $1bn starting now), and an extraordinary one for four quarters. This additional distribution (extraordinary dividend + additional buy-back) represents around 75-80% of the free cash flow this quarter ($8.6bn) and is therefore positive.