Oil giant Shell raises dividend and launches $2 billion share buyback as commodity prices soar

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The Shell logo is displayed in front of a Shell gas station on July 30, 2020 in San Rafael, California. Royal Dutch Shell reported second quarter adjusted earnings of $638 million compared to a net profit of $3.5 billion one year earlier.Justin Sullivan | Getty ImagesLONDON — Oil giant Royal Dutch Shell on Thursday reported stronger-than-expected second-quarter earnings, lending further support to the energy major's plans to reduce net debt and reward investors.The Anglo-Dutch company reported adjusted earnings of $5.5 billion for the three months through to the end of June. That compared with $638 million over the same period a year earlier and $3.2 billion for the first quarter of 2021.Analysts had expected second-quarter adjusted earnings to come in at $5.1 billion, according to Refinitiv.Shell boosted its dividend for the second consecutive quarter and announced the launch of a $2 billion share buyback program that it aims to complete by the end of the year.The dividend
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