Shell reported a profit of 28 billion dollars in 2023. That's 30% below last year's record due to falling energy prices and demand, which still allows the company to raise its dividend by 4% and extend its share buyback.
The company's payout to shareholders in 2023 will reach about $23 billion, more than 10% of Shell's market value. That highlights investors' focus on yield as the sector faces an uncertain outlook for fossil fuels.
