Shell Launches $3.5 Bln Buyback After Earnings Rose on Higher Energy Prices

Updated Nov. 2, 2023 3:47 am ET

Shell launched a $3.5 billion share buyback program after third-quarter earnings rose on higher refining margins, oil prices and sales, but slightly missed market expectations.

The London-based company on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but slightly missing market expectations of $6.25 billion provided by Vara Research.

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