MADRID, 4 May. (EUROPA PRESS) –
The Anglo-Dutch oil company Shell registered an attributable net profit of 8,709 million dollars (7,887 million euros) in the first three months of 2023, which represents an improvement of 22.4% compared to the result recorded in the same period of 2022, reported the multinational.
Shell’s result at current supply costs between January and March 2023 amounted to 9,262 million dollars (8,388 million euros), 80.2% above the figure corresponding to the first quarter of last year.
On its side, the turnover of the Anglo-Dutch oil company reached 89,021 million dollars (80,623 million euros), 7% above the company’s revenues in the same period of 2022.
Likewise, the net debt of the oil company stood at 44,224 million dollars (40,052 million euros) at the end of the first quarter, 1.4% less than in the previous quarter and 8.8% below the debt recorded a year before.
“We will begin a share buyback program of 4,000 million dollars (3,622 million euros) during the next three months as part of our commitment to deliver attractive returns for shareholders,” confirmed the CEO of Shell, Wael Sawan.
In this way, if this new share repurchase plan is completed in the second quarter, the oil company would raise total distributions to shareholders to about 12,000 million dollars (10,868 million euros) in the first half of 2023.
Likewise, the multinational has confirmed the perspective for its cash capital expenditure in 2023 in a range between 23,000 and 27,000 million dollars (20,830 and 24,453 million euros).
