Shell reports $6.2 bln third-quarter profit, boosts buybacks

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photoon Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced … Read more

HSBC sets aside $300 million extra for performance pay and $3 billion for stock buybacks

HSBC Holdings on Monday said it’s earmarking an extra $300 million for performance-related pay, as the bank reported a big surge in third-quarter profit. CFO Georges Elhedery on a conference call said the board and remuneration committee will ultimately decide, but the planned boost to pay is in recognition of the reshaping of the bank, … Read more