Shell Raises Buyback Commitment to $5 Billion
Shell raised its repurchase commitment to $5 billion over approximately three months. Its U.S. depositary shares rose 2.41% to $107.72 at 11:55 a.m. ET on October 29.
Shell NYSE:SHEL is stepping up buybacks, but cash generation deserves a closer look. The energy producer's U.S. depositary shares rose 2.41% to $107.72 at 11:55 a.m. ET on October 29 as it raised its repurchase commitment to $5 billion over approximately three months.
That gives investors a bigger…