Shell Raises Quarterly Buyback to $5 Billion as Earnings Double
Shell increased its quarterly share buyback to $5 billion after adjusted earnings doubled to $10.81 billion.
By Adam WhittakerShell hiked its quarterly share buyback to $5 billion after earnings doubled and cash flow soared.The British energy major's adjusted earnings--a closely watched metric that strips out certain commodity price adjustments and one-time charges--doubled to $10.81 billion from the $5.4…