Shell Surprises With Strong Profit, Dividend Hike

Royal Dutch Shell reported better than expected financial results for the third quarter and hiked its dividend in a surprise move targeting investors who are getting increasingly anxious about their exposure to oil and gas. “We must continue to strengthen the financial resilience of our portfolio as we make the transition to become a net-zero emissions energy business,” chief executive Ben van Beurden said. “Our decisive actions taken earlier in the year have solidified our operational and cash delivery. The strength of our performance gives us…