Royal Dutch Shell Plc rode the surge in oil prices to even greater heights, posting a profit not seen since the days of $100 a barrel. Investors were displeased that the company didn’t take them along for the ride.
While French rival Total SA has started disbursing the rewards of rising energy prices — with higher dividends and share buybacks — Shell has other priorities, at least for now. Chief Financial Officer Jessica Uhl declined to say when her planned $25 billion to $30 billion stock-repurchase program would start, telling reporters on a call that she wanted to focus on debt reductionfirst.
Brazil Energy Insight 
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