Shell raises dividend as retail boost drives confidence
Shell also plans to shed up to 9,000 jobs, or more than 10% of its workforce.
By Ron Bousso, Shadia Nasralla: 29 October 2020
LONDON (Reuters) – Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and outlined plans to shrink its oil and gas operations as it presses forward with a transition to low-carbon energy.
The Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate “significant uncertainty”.
Shell takes giant writedown on Prelude: Massive pre-tax writedown on troubled $US12bn Prelude floating LNG plant raises concern over the long-term prospects. 
GlobeNewswire
Shell raises dividend as earnings beat forecasts
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