Shell posts $28 billion 2023 profit, boosts dividend

Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year’s record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases.

The British company’s payouts to shareholders reached around $23 billion in 2023, over 10% of Shell’s market value, highlighting investors’ focus on returns as the…