Oil Giant Shell Isn’t Letting the Cash Go to Its Head

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To see what actually issues to Shell take a look at the place it’s spending its boomtime income. Shareholders needs to be happy.

The worldwide vitality firm reported record earnings and $18.7 billion in money circulate from operations within the second quarter and on Thursday introduced its highest ever quarterly money shareholder returns: $6 billion in buybacks and $1.9 billion in dividends. It repaid some debt and flexed to the upper finish of its capital spending funds, with a selected deal with fuel tasks—a politically savvy alternative in the course of the present European vitality disaster. Shares notched up barely.

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