Shell reports 6.9 billion dollar first quarter profit
Shell reported a 6.9 billion dollar first-quarter profit and raised its dividend by 5 percent. The firm slowed buybacks as debt rose amid regional turmoil.
SHELL PLC reported first-quarter adjusted earnings of $6.92 billion, beating analyst estimates of $6.36 billion during the morning. The result marks a two-year high for Shell and triggered a 5% dividend increase. Robust trading gains linked to geopolitical volatility offset a 4% decline in total oil and gas production.
### War Volatility Drives Earnings Beat The $6.92 billion profit surpassed the $5.58 billion recorded a year earlier, according to company-provided data. While earnings exceeded expectations, shares fell 1.9% in early trading as Brent Crude Oil prices softened. The performance mirrored a 1.1% decline in the broader European energy index during the same period.
