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 - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
