{"id":632572,"date":"2024-02-02T09:40:23","date_gmt":"2024-02-02T04:10:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632572"},"modified":"2024-02-02T10:13:23","modified_gmt":"2024-02-02T04:43:23","slug":"shells-2023-profit-drops-30-to-28-billion-boosts-dividend-by-4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shells-2023-profit-drops-30-to-28-billion-boosts-dividend-by-4\/","title":{"rendered":"Shell&#8217;s 2023 profit drops 30% to $28 billion , boosts dividend by 4%"},"content":{"rendered":"<p>Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year&#8217;s record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases. <\/p>\n<p>The British company&#8217;s payouts to shareholders reached around $23 billion in 2023, over 10% of Shell&#8217;s market value, highlighting investors&#8217; focus on returns as the sector grapples with an uncertain outlook for fossil fuels. <\/p>\n<p>Shell&#8217;s 2023 profits were marked by lower chemicals and refining profit margins and slower fuel sales amid sluggish global economic activity following a blockbuster 2022 fuelled by a surge in energy prices after Russia&#8217;s invasion of Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year&#8217;s record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases. The British company&#8217;s payouts to shareholders reached around $23 billion in 2023, over 10% of Shell&#8217;s market value, highlighting investors&#8217; focus on returns as the sector grapples with an uncertain outlook for fossil fuels. Shell&#8217;s 2023 profits were marked by lower chemicals and refining profit margins and slower fuel sales amid sluggish global economic activity following a blockbuster 2022 fuelled by [&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-632572","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\/632572","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=632572"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632572\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}