TimesOnline: Shell dividends are still flowing
May 08, 2004
Posted 11 May 04
Stella Shamoon provides her regular update on the performance of the Share of the Month portfolio
OILS
Shell’s first-quarter adjusted net income rose 9 per cent to $4.25 billion (£2.37 billion), albeit buoyed by exceptional gains. But a $2 billion share buyback and a $2 billion increase in capital expenditure (with only $200 million being spent on pure exploration) was comforting after so many nasty surprises.
Shell is strong, gushing cash and dripping dividends. So I am not selling my shares now, not least because it is under pressure to reform its antiquated and opaque structure. Nor am I selling my shares in ENI and Schlumberger. The oil price is red hot and so, sadly, is geopolitical risk. Hold all.
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.



















