Shell stock today: Buyback holds after profit miss, but the shares are still on edge
Shell shares rose 0.3% to 2,779 pence in early London trading Friday after a 3.4% drop on weak earnings. The company raised its quarterly dividend by 4% to $0.372 per share and kept its $3.5 billion buyback. Quarterly profit fell 11% to $3.3 billion, the lowest since early 2021. Investors are watching oil prices and the pending U.S. license for Shell’s Venezuela gas project.