Oil and gas giant Shell reported higher first quarter earnings and lifted its dividend on the back of higher commodity prices and refining margins.
The company on Thursday said adjusted earnings rose to $3.2bn from $393m in the fourth quarter of 2020 and $2.8bn a year earlier.
On a current cost of supply basis, used as gauge of net earnings, Shell swung to a profit of $4.3bn from a $4.4bn loss compared with the fourth quarter.
The dividend was lifted 4% to 0.1735 cents a share.
