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Royal Dutch Shell Q2 Results Rise Vs Yr Ago, Sets Dividend and Share Buyback Program

ADRs of Royal Dutch Shell (RDS.A, RDS.B) were down over 2% pre-market Thursday even though the Anglo-Dutch oil major reported improved Q2 results compared to the same quarter last year.

Q2 EPS rose to $0.72 from $0.19 in the year-ago period. Excluding certain identified items, EPS was $0.56, up from $0.44 per share a year earlier but below the $0.75 per share average of two analysts polled by Capital IQ.

Sales rose to $96.77 billion from $72.13 billion last year, while total revenue and other income rose to $99.27 billion from $72.7 billion.

It set an interim Q2 dividend of US$0.47 per class A and class B ordinary share, unchanged from its last dividend.

It also launched a $25 billion share buyback program.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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