Shell (RDS.A.US)Q4 net profit of $11.461 billion expects to buy back $8.5 billion of shares in the first half of the year

2022-07-16 0 By

On February 3, Shell (RDS.A.US) announced its unaudited results for the fourth quarter and full year of 2021, Zhitong Finance APP learned.Q4 revenue was $85.280 billion, compared with $43.989 billion a year earlier, the data showed.Net income attributable to shareholders of the company was $11.461 billion, compared with a net loss of $4.014 billion a year earlier.Adjusted profit was $6.391 billion, compared with $393 million a year earlier.Cash flow from operating activities in the fourth quarter was $8.17 billion and free cash flow was $10.749 billion.Total marketable production was 3.142 mmboe/d, compared with 3.371 mmboe/d a year earlier.Underlying earnings per share were $1.49, compared with a loss of $0.52 per share a year earlier;Adjusted earnings per share were 83 cents, compared with 0.05 cents a year earlier.The dividend for the fourth quarter was $0.24 per share, and the Company’s Board expects the interim dividend for the first quarter of 2022 to be $0.25 per share, an increase of approximately 4% from the fourth quarter of 2021;In the fourth quarter, the company completed $1.7 billion in share repurchases.The company will buy back $8.5 billion of its shares in the first half of 2022.For the full year, the company reported revenue of $261,504 billion, compared with $180,543 billion a year earlier.Net income attributable to the company’s shareholders was $20.01 billion, compared with a net loss of $21.68 billion a year earlier.Underlying earnings per share were $2.59, compared with a loss of $2.78 a year earlier.Adjusted earnings per share were $2.49, compared with 62 cents a year earlier.Looking ahead, gas production is expected to be approximately 760,000 to 820,000 boe/d in the first quarter of 2022;Upstream production is expected to be approximately 2-2.2 mmboe/d;Refinery utilization is expected to be approximately 71-79%;Estimated product sales of about 4.1 million to 5.4 million barrels per day;Chemical manufacturing plant utilization is expected to be approximately 78%-86%;The chemical business is expected to sell about 3.3 to 3.7 million tons.Full-year 2022 cash capex is expected to be at the lower end of the $23 billion to $27 billion range.