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TEMPUS

If you’re not squeamish, Big Oil pays

The Times

It is, by some margin, the most valuable company on the UK stock market. Last year Royal Dutch Shell paid out £11.9 billion in dividends, just £1 billion shy of the market value of the owner of British Airways. Its revenues were comfortably higher than the economic output of Afghanistan

Shell has a plan to buy back an extraordinary $25 billion of its own shares to help maintain its stock market worth and to return capital to investors.

You can be sure of Shell. Or can you? Looked at another way, this FTSE 100 company’s profits are inextricably tied to the oil price and the health of the global economy, it is scrambling to develop renewable energy sources as the world increasingly turns away from