Shell plc first quarter 2021 results announced
Royal Dutch Shell plc releases its first quarter results and first quarter interim dividend announcement for 2021.
Sector-leading cash generation over the last 4 years.
Strong operational and financial performance across the segments highlights the benefits of our integrated business model. Resilient Integrated Gas and Marketing, robust Upstream and outstanding Chemicals results.
▪ Net debt reduction of over $4 billion to $71.3 billion, progressing towards $65 billion. Once this milestone is achieved, we target to increase shareholder distributions to 20-30% of our cash flow from operations.
▪ Delivering on our commitment to further improve transparency and understanding of our businesses – introducing new and enhanced disclosures. First energy company to submit its Energy Transition Strategy to shareholders for an advisory vote at the Annual General Meeting
Royal Dutch Shell Chief Executive Officer, Ben van Beurden, Comments;
“Shell has made a strong start to 2021, generating over $8 billion of cash in the quarter. Our integrated business model is ideally positioned to benefit from recovering demand. As previously announced, the first quarter 2021 dividend per share has been increased by around 4%, in line with our progressive dividend policy. We have reduced net debt by more than $4 billion this quarter, progressing towards the $65 billion milestone to increase shareholder distributions. Our competitive and robust financial performance provides the platform to achieve the goals of our Powering Progress strategy.”
Royal Dutch Shell plc first quarter 2021 interim dividend
April 29, 2021
The Board of Royal Dutch Shell plc (“RDS” or the “Company”) today announced an interim dividend in respect of the first quarter of 2021 of US$ 0.1735 per A ordinary share (“A Share”) and B ordinary share (“B Share”).
Details relating to the first quarter 2021 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes.
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