Shell to increase dividend as profits rise Business

Royal Dutch Shell plans to increase payments to shareholders amid the recovery of the global economy.

The oil giant will increase dividends within a 20-30% range of operating cash flow, based on its second quarter results on July 29.

He said the move was based on “a strong operational and financial performance, combined with an improved macroeconomic outlook.”

Oil prices have rebounded as demand for crude has started to recover, with many countries now emerging from coronavirus shutdowns thanks to vaccination programs.