Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday.
, have seen profits surge this year following two years of declining revenues due to the pandemic.
The London-based company posted its highest quarterly profit of $9 billion in the first three months of 2022 when it raised its dividend by 4% to 25 cents per share but still half pre-pandemic levels.The profit jump led Britain and other governments to impose a windfall tax to help fund consumers facing big energy bills.
Van Beurden, who has led Shell since 2014, also said the extra cash would help cut debt that soared during the pandemic.
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