The global group of energy and petrochemical companies posted stronger-than-expected Q2 2021 earnings
Oil giant Royal Dutch Shell
reported adjusted earnings of $5.5 billion for the quarter ended in June, significantly
higher than the $3.2 billion reported in Q1 2021 and the $638 million over the
same period a year earlier. Also, it topped analysts’ expectations of $5.1
Moreover, the company boosted its dividend for the second
consecutive quarter to 24 cents, marking a 38% increase from Q1. Royal Dutch
Shell announced the launch of a $2 billion share buyback program set to be
completed by the end of 2021.
At the moment of writing, Royal Dutch Shell share price was
trading 4% higher.
Sources: cnbc.com, finance.yahoo.com
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