buybacks

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

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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

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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