On Thursday 5 May 2022 at 07:00 BST (08:00 CEST and 02:00 EDT) Shell plc released its 1Q22 results and interim dividend announcement for 2022.
Shell plc CEO, Ben van Beurden, commented:
"The war in Ukraine is first and foremost a human tragedy, but it has also caused significant disruption to global energy markets and has shown that secure, reliable and affordable energy simply cannot be taken for granted. The impacts of this uncertainty and the higher cost that comes with it are being felt far and wide. We have been engaging with governments, our customers and suppliers to work through the challenging implications and provide support and solutions where we can. Generating value through strong earnings and cash flow, coupled with maintaining a healthy balance sheet and continuing the disciplined delivery of our strategy, are crucial for Shell to play a leading role in the energy transition. This allows us to support our customers as they shift to cleaner energy. It's also the best way for us to contribute to the security of energy supplies. Today's results, the progress we are making with our US$8.5 billion share buyback programme and the reduction of our net debt to US$48.5 billion all show we remain on track, and give us the confidence to plan future shareholder distributions and disciplined investments that will accelerate our strategy."
Read the article online at: https://www.worldpipelines.com/business-news/05052022/shell-plc-1q22-results-announcement/