{"id":466083,"date":"2022-02-04T09:15:38","date_gmt":"2022-02-04T03:45:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466083"},"modified":"2022-02-04T09:37:01","modified_gmt":"2022-02-04T04:07:01","slug":"shell-boosts-share-buybacks-as-profit-soars-on-high-oil-gas-prices-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-boosts-share-buybacks-as-profit-soars-on-high-oil-gas-prices-2\/","title":{"rendered":"Shell boosts share buybacks as profit soars on high oil, gas prices"},"content":{"rendered":"<p>Shell Plc expanded its share buybacks after reporting profit that blew past analyst estimates on the back of surging energy prices.<\/p>\n<p>The positive fourth-quarter earnings cap a tumultuous year in which Shell was targeted by activist investor Dan Loeb, relocated its headquarters to London and dropped \u201cRoyal Dutch\u201d from its name. Yet the company has also been buoyed by surging oil and gas prices, causing the biggest annual share-price gain in five years.<\/p>\n<p>\u201cWe delivered very strong financial performance in 2021, and our financial strength and discipline underpin the transformation of our company,\u201d Chief Executive Officer Ben van Beurden said in a statement on Thursday. \u201cToday we are stepping up our distributions with the announcement of an $8.5 billion share buyback program.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shell Plc expanded its share buybacks after reporting profit that blew past analyst estimates on the back of surging energy prices. The positive fourth-quarter earnings cap a tumultuous year in which Shell was targeted by activist investor Dan Loeb, relocated its headquarters to London and dropped \u201cRoyal Dutch\u201d from its name. Yet the company has also been buoyed by surging oil and gas prices, causing the biggest annual share-price gain in five years. \u201cWe delivered very strong financial performance in 2021, and our financial strength and discipline underpin the transformation of our company,\u201d Chief Executive Officer Ben van Beurden said [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-466083","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=466083"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466083\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}