Shell Announces $3B Share Buybacks, Expected To Be Completed By Q3 2023 Results Announcement
Portfolio Pulse from Benzinga Newsdesk
Shell has announced a $3 billion share buyback program to be completed by Q3 2023. This follows strong operational performance and cash flows in Q2, despite a lower commodity price environment. The company also plans to increase dividends by 15% and continue prioritizing share buybacks.
July 27, 2023 | 6:34 am
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Shell's announcement of a $3 billion share buyback program and a 15% dividend increase reflects strong operational performance and could boost investor confidence.
Share buybacks reduce the number of shares in circulation, potentially increasing the value of remaining shares. The dividend increase also makes the stock more attractive to income-focused investors. Both actions reflect the company's strong operational performance and cash flows.
CONFIDENCE 90
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