Shell to Launch $5 Billion Share Buyback After Earnings Soar
Shell raised its quarterly share buyback to $5 billion after earnings doubled and cash flow surged. Elevated oil and gas prices and exceptional refining margins drove the gains, according to the report.
By Adam WhittakerShell hiked its quarterly share buyback to $5 billion after earnings doubled and cash flow soared, driven by elevated oil and gas prices caused by the Middle East conflict and exceptional refining margins amid a historic fuel squeeze.The British energy major's third-quarter adjuste…