Shell reports Q4 adjusted EPS 60c vs. 96c last year

Reports Q4 revenue $66.28B vs. $71.09B last year. The company said, “2024 was another year of strong financial performance across Shell (SHEL). Despite the lower earnings this quarter, cash delivery remained solid and we generated free cash flow of $40 billion across the year, higher than 2023, in a lower price environment. Our continued focus on simplification helped to deliver over $3 billion in structural cost reductions since 2022, meeting our target ahead of schedule, whilst also making significant progress against all our other financial targets. Today, we announce a 4% increase in our dividends and another $3.5 billion buyback programme, making this the 13th consecutive quarter of at least $3 billion of buybacks, all whilst further strengthening our balance sheet this year to position us well for the future. We will outline the next steps in our strategy to deliver more value with less emissions at our Capital Markets Day in March.”