Shell plc

Shell, headquartered in London and listed on both sides of the Channel, is one of the world's largest integrated energy majors, producing and trading oil and gas, running a huge liquefied-natural-gas business, and building a smaller presence in power and low-carbon energy. Its scale and trading arm give it broad exposure across the energy value chain. Shell cut its dividend at the start of the pandemic but has rebuilt it steadily and pairs it with very large share buybacks, funded by strong cash flow. A solid, growing yield backed by a cash-rich energy giant gives it a strong income profile, though earnings swing with volatile oil and gas prices.