Due to low refining and gas trading, Shell’s third-quarter profit of $9.45 billion fell short of the previous quarter’s record high. However, the company still announced its intentions to dramatically increase its dividends by year’s end when its CEO steps down.
Shall announce a plan to purchase $ 4 billion in stock over the next three months. After spending $6 billion in the previous quarter as part of an expansion of its share repurchasing program.
When Chief Executive Officer Ben van Beurden leaves his position in the fourth quarter after nine years in charge. The company announced it plans to increase its dividend by 15%. In March, the dividend will be paid.