Shell announces profit for the first quarter of 2021

According to Reuters news on April 29, Shell's profit in the first quarter of this year increased sharply to 3.

Thanks to asset sales and rising oil and LNG prices, Shell’s adjusted earnings exceeded the average analyst forecast of 3.

Shell said its fuel sales fell by 13% in the first quarter due to the intensified lockdown measures and the February storm in Texas, and said that there are still "significant uncertainties" in the demand outlook in the second quarter.

Shell raised its dividend in the first quarter by 4% as planned.

Shell's key evaluation indicators operating cash flow increased from 6.

Shell hopes to keep its net debt below $65 billion as part of its strategy to shift to low-carbon energy in the coming decades.

Zhan Leqian excerpted and translated from Reuters,

The original text is as follows:

Shell announces 1Q21 profits

As reported by Reuters, Shell's profits leapt to US$3.

Shell's adjusted earnings came in ahead of an average analyst forecast of US$3.

Shell said its fuel sales fell 13% in 1Q21 due to further lockdown measures and the impact of the Texas storm in February, saying there was still "significant uncertainty" over the outlook for demand in 2Q21.

The Anglo-Dutch company raised its dividend in 1Q21 by 4% as planned, the second increase since its slashed its payout by two-thirds at the start of last year due to the coronavirus pandemic.

Shell's cash flow from operations, a key performance metric, rose to US$8.

Shell wants to get its net debt below US$65 billion as part of its strategy to shift to low-carbon energy in the coming decades.