Shell maintains buyback pace despite missing profit estimates
Shell reported a $3.3 billion Q4 profit today, missing estimates due to lower oil prices. The firm kept buybacks at $3.5 billion and raised its dividend.
Insights:
Shell plc reported a fourth-quarter net profit of $3.3 billion today, representing an 11% decline and marking the company's lowest profit level since early 2021. The results missed analysts' expectations, with data from LSEG indicating that the performance was hindered by weaker oil prices and a financial loss within the company's Chemicals and Products unit.
