Skip to content

Shell Says Trading Results in Gas Stronger, But Oil Weaker

  • Oil refining and trading unit to post fourth-quarter loss
  • Shell pledges to buy back $5.5 billion of shares ‘at pace’
Updated on

Royal Dutch Shell Plc said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter, but the unit that buys and sells oil fared much worse.

It’s the latest in a series of mixed performances from an energy giant that’s under pressure on all sides from activist investors, to pension funds and environmental activists. Yet it came with a silver lining -- the promise that billions of dollars of share buybacks announced last year will proceed “at pace” after securing approval from the company’s board.