Shell announces $3.5bn share buyback after higher profits than forecast
Despite payouts the oil and gas company faces growing investor pressure to address its carbon emissionsShell will shower its shareholders with another $3.5bn (£2.8bn) in share buybacks over the next quarter after reporting better than expected profits of almost $8bn for the first three months of the year.The company announced it would hand investors the multibillion-dollar payouts as it prepares to face a shareholder battle over its climate agenda at its annual general meeting later this month. Continue reading...
Despite payouts the oil and gas company faces growing investor pressure to address its carbon emissions
Shell will shower its shareholders with another $3.5bn (£2.8bn) in share buybacks over the next quarter after reporting better than expected profits of almost $8bn for the first three months of the year.
The company announced it would hand investors the multibillion-dollar payouts as it prepares to face a shareholder battle over its climate agenda at its annual general meeting later this month. Continue reading...
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