More Movers & Shakers – 02/02/23
We’re in the heart of earnings season, so there’s a lot to keep on top of. Luckily, we’ve summarized today’s biggest movers and commentary below. 📝
British multinational oil and gas company Shell posted its highest-ever annual profit of $40 billion. Like its peers, it’s returning some cash to shareholders via a $4 billion buyback program and a 15% dividend per share increase. Additionally, the company continues to work towards its net-zero emissions goal by 2050. However, analysts point out that Shell’s fossil fuel investments continue to dwarf its renewables investments. $SHEL shares were down 1% on the day. ⛽