shell stock Archives - Coinspeaker

Shell Reports 55% Plunge in Q2 2023 Profit as Commodity Prices Decline

Shell is struggling with a continuous fall in profits as Q2 2023 figures show significant reductions compared with last quarter and Q2 2022.

Shell Q1 2023 Report Surpasses Analyst Expectations, Adjusted Earnings Hit $9.6B

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By Ibukun Ogundare May 4, 2023

In 2022, the Big Oil companies, including TotalEnergies, ExxonMobil, Chevron, BP, and Shell smashed their previous year’s earnings.

Shell Posts Highest Ever Profit Haul of $40B for Full-year 2022 on Backs of Surging Oil Prices & Demand

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By Tolu Ajiboye Feb 2, 2023

Oil and gas major Shell recently reported its highest-ever profit inflow of approximately $40 billion for 2022.

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Shell to Increase Dividend by 15%, Buy Back Stock Following Profitable Q3 2022 Run

By Tolu Ajiboye Oct 27, 2022

Shell says it plans to reward investors further and also retrieve shares via buyback following a commendable Q3 2022.

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Shell CEO to Step Down after Helming Company for 9 Years

By Tolu Ajiboye Sep 15, 2022

Shell CEO Ben van Beurden will step down for renewables director Wael Sawan, after a nearly four-decade career, 9 of which he served as CEO.

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Shell Reveals Q1 2022 Financial Report, Thrives on Soaring Commodity Prices

By Tolu Ajiboye May 5, 2022

British oil and gas multinational Shell posted its Q1 2022 earnings report on Thursday which benefited from the soaring profits seen across the oil and gas industry.

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Shell Raises Dividends and Buybacks as Oil Giant Reports Full-Year Profit and Increased Adjusted Earnings in Q4 2021

By Ibukun Ogundare Feb 3, 2022

At the end of the last quarter, Shell’s net debt reduced from $57.6 billion in Q3 to $52.6 billion.

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Shell Stock Rises 1% in Pre-market, Company Reported Q1 Earnings that Beat Analysts’ Estimates

By Steve Muchoki Apr 29, 2021

During the first quarter, Shell company managed to reduce its debt by $4 billion to $71.3 billion.

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RDSA Stock Down 0.7%, Shell to Present New Investment Strategy

By Steve Muchoki Feb 1, 2021

Wall Street analysts continue to monitor the situation in the oil and gas industry. Shell stock received an average of Over rating from 33 ratings.

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RDS Stock Down 3% after Shell Reports Drastic Drop in Q2 2020 Earnings Due to COVID-19 Pandemic

By Steve Muchoki Jul 30, 2020

On Thursday, July 30, 2020, Royal Dutch Shell released its Q2 earnings results. The company reported a sharp decline in its revenue due to civic-19 related demand decline. The company reported a sharp decline in its revenue due to the coronavirus-related demand decline.

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Shell (RDS.A) Stock Down 4%, Shell Warns of $22B Hit on Assets from Oil and Gas Slump

By Steve Muchoki Jun 30, 2020

Royal Dutch Shell stock dropped 4% today after the company announced that it is anticipating to write down assets worth up to $22 billion in the coming quarters.

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Shell Stock Is Down as Profit Slumps 23% Due to Similar Plunge in Prices of Oil and Gas

By Tolu Ajiboye Jan 30, 2020

Shell stock in 2019 plunged as well as the company’s profit that didn’t meet the expectations. The company says the fall in oil prices significantly affected its results.