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Shares in the London-based oil major were down 2.9% at 3,121.00 pence each in London on Thursday.
Shell increased its first quarter dividend by 9.1% year-on-year to USD0.3906 per share.
KEY POINTS
- Shell reduced its quarterly share buyback to USD3 billion from the previous USD3.5 billion.
- 2026 capital expenditure forecast was raised to USD24–26 billion, up from USD20 billion previously.
- Cash flow from operating activities fell sharply to USD6.06 billion from USD9.28 billion year-on-year.
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