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Shell Posts Higher Q1 Income, Revenue

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-- Shell (SHEL.L, SHELL.AS) said Thursday that its income and revenue for the first quarter increased year over year.

Income attributable to shareholders for the three months ended March 31 was $5.69 billion, compared with $4.78 billion a year earlier. EPS moved to $1 from $0.79.

The oil and gas giant's revenue was $69.69 billion, compared with $69.23 billion a year ago.

Meanwhile, the board declared a first-quarter dividend of $0.3906 per share. It previously paid a dividend of $0.3580 per share.

For the second quarter, Shell expects integrated gas production to be between 580,000 barrels of oil equivalent per day and 640,000 boe/d. LNG liquefaction volumes are expected to be in the range of 6.8 million tonnes to 7.4 million tonnes. Upstream production is expected to be 1.6 million boe/d to 1.8 million boe/d. Marketing sales volumes are expected to be 2.5 million b/d to 2.7 million b/d.

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