Oil major Shell increases dividend as third-quarter earnings beat forecasts

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Royal Dutch Shell on Thursday reported better-than-expected third-quarter earnings, and announced plans to increase its dividend to shareholders.

A Shell tanker truck delivers fuel to a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands.on Thursday reported better-than-expected third-quarter earnings and announced plans to increase its dividend to shareholders.for the three months through to the end of September.

That compared with a net profit of $4.77 billion over the same period a year earlier, and adjusted earnings of $638 millionAnalysts at Refinitiv had expected third-quarter net profit to come in at $594 million for the third quarter.It had previously warned that post-tax impairment charges in the range of $1 billion to $1.5 billion were to be expected in the third quarter.

 

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Finally some good news

Shell is a successful business and a wonderful place to work. I’m very confident. It is only a grey cloud in middle of the summer.

britishtradermx

I consider this a good sign, at least a glimmer of hope. Let’s go $RDSA $RDSB

nice

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