Shell feeling generous after "momentous year"

The oil supermajor boosts earnings and dividends and announces the launch of a billion-dollar share buyback program. This comes after a strong Q4, underpinned by high oil and gas prices.

Photo: Maxim Shemetov/Reuters/Ritzau Scanpix

BY MATHIAS JULIUS FALKENGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Having succeeded to increase adjusted earnings from USD 4.1bn to USD 6.4bn between Q3 and Q4, Shell has found reason to reward shareholders by increasing dividends and launching a new share buyback program.

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