Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
CNBC - 2024-05-02T06:07:42.000Z

British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.

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Shell beats expectations with $7.7 billion first-quarter profit
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The oil and gas company also said it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with...
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In related news

Shell beats expectations with $7.7 billion first-quarter profit

Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss

Snap beats first-quarter expectations, shares jump 25%