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

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