Shell Earnings Rose on Higher Energy Prices; Launches $3.5 Bln Buyback

Shell’s third-quarter earnings rose on higher refining margins, oil prices and gas and oil sales, while it launched a $3.5 billion share buyback program. The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 … Read more

Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback

People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California.on Thursday reported $6. 2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins.The company also announced a $3.5 billion share buyback to be carried … Read more

HSBC’s after-tax profit surges over 235% year-on-year, announces $3 million share buyback

HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Profit before tax for the quarter rose by $4.5 billion to $7.7 billion, mainly due to a higher interest rate environment.Aaron P | Bauer-Griffin | GC Images … Read more