Surging energy prices fuel Shell’s highest quarterly profits in eight years

Strong Q4 results cap dramatic recovery amid plans to boost dividend again and buy back more shares

Shell has again boosted its dividend and share repurchases after fourth-quarter profits hit their highest level in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap a year of dramatic recovery for Shell and the oil and gas sector after energy demand and prices collapsed in 2020 during the coronavirus epidemic.

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