Shell reports Q1 EPS $1.22 vs. 92c last year

Reports Q1 revenue $69.69B vs. $69.23B last year. “Shell (SHEL) delivered strong results enabled by our relentless focus on operational performance in a quarter marked by unprecedented disruption in global energy markets. The safety of our people remains our priority as we work closely with governments and customers to address their energy needs. Last week we announced the acquisition of ARC Resources, accelerating our strategy by adding complementary, high-quality, low-cost liquids and gas assets that we believe will deliver value for decades to come. Today, consistent with our value driven capital allocation philosophy, we are rebalancing our shareholder distributions, with a $3 billion share buyback programme for the next 3 months1 and a 5% increase in the dividend, in line with our existing 40-50% of CFFO distribution policy.”