Shell's 2023 profit falls 30% to US$28bil, buybacks extended


LONDON: Shell on Thursday reported a 2023 profit of $28 billion, down 30% from the previous year's record as oil and gas prices cooled, and increased its dividend by 4%.

Shell's fourth-quarter adjust earnings, its definition of net profit, reached $7.3 billion, with strong liquefied natural gas (LNG) trading results offsetting weaker refining and oil trading results.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Shell , oil and gas , dividend

Next In Business News

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Others Also Read