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Bumper earnings for Shell after transition year

The energy giant enters 2022 with strong cash flow and a planned increase in investor payouts, but its transformation has a long way to go
February 3, 2022
by Alex Hamer
  • Buybacks climb as profits soar on higher oil and gas prices
  • Guidance for 2022 sees higher capex and lower production

Shell (SHEL) has roared back to strong profitability in 2021, with the December quarter’s adjusted earnings eclipsing full-year figures for 2020. 

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