Shell’s profit beats expectations, raises dividend 5%

Shell reported first-quarter profit of US$6.9 billion, above estimates and the highest in two years, helped by gains tied to the Middle East war. The company also raised its dividend by 5%, signaling stronger cash generation and a more shareholder-friendly capital return profile.

Analysis

Shell reported first-quarter profit of US$6.9 billion, above estimates and the highest in two years, helped by gains tied to the Middle East war. The company also raised its dividend by 5%, signaling stronger cash generation and a more shareholder-friendly capital return profile.