{"id":509861,"date":"2022-07-29T09:27:20","date_gmt":"2022-07-29T03:57:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509861"},"modified":"2022-07-29T09:47:05","modified_gmt":"2022-07-29T04:17:05","slug":"shell-smashes-record-again-with-11-5-bn-q2-profit-announces-6-bn-buyback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-smashes-record-again-with-11-5-bn-q2-profit-announces-6-bn-buyback\/","title":{"rendered":"Shell smashes record again with $11.5-bn Q2 profit, announces $6-bn buyback"},"content":{"rendered":"<p>Shell posted record results on Thursday, with a $11.5 billion second-quarter profit smashing the mark it set only three months ago, lifted by strong gas trading and a tripling of refining profit. <\/p>\n<p>The company also announced a $6 billion share buyback programme for the current quarter but did not raise its dividend of 25 cents per share. It said shareholder returns would remain &#8220;in excess of 30% of cash flow from operating activities&#8221;.<\/p>\n<p>A rapid recovery in demand after the end of pandemic lockdowns and a surge in energy prices, driven by Russia&#8217;s invasion of Ukraine, have boosted profits for energy companies after a two-year slump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shell posted record results on Thursday, with a $11.5 billion second-quarter profit smashing the mark it set only three months ago, lifted by strong gas trading and a tripling of refining profit. The company also announced a $6 billion share buyback programme for the current quarter but did not raise its dividend of 25 cents per share. It said shareholder returns would remain &#8220;in excess of 30% of cash flow from operating activities&#8221;. A rapid recovery in demand after the end of pandemic lockdowns and a surge in energy prices, driven by Russia&#8217;s invasion of Ukraine, have boosted profits for [&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-509861","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\/509861","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=509861"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509861\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}