SHELL AND DIVIDEND INCREASE
1.Shell's Financial Results in 2023:
- Shell $SHEL+0.3% beat expectations with a profit of $28.25 billion, although it recorded a 29% decline compared to the previous year.
2. Dividends and Share Buybacks:
- Despite the drop in profits, Shell $SHEL+0.3% announced a 4% dividend increase and the launch of a $3.5 billion share buyback program.
3. Fourth Quarter Results:
- Results for the final quarter delivered a profit of $7.31 billion, supported by lucrative margins from natural gas trading.
4. Financial Health and Debt:
- Shell $SHEL+0.3% minimized net debt to $43.5 billion and completed a share buyback program. However, the stock has seen a decline.
How do you assess Shell's strategic decisions, including increasing the dividend, initiating a new share buyback program, and minimizing net debt, in response to its 2023 results?
