Surprising figures for Royal Dutch Shell

July 29, 2021
Surprising figures for Royal Dutch Shell

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 billion.

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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