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Shell Boosts Quarterly Share Buyback to $5 Billion

By Drooid · · How we work

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  • Shell raised its quarterly share buyback to $5 billion after earnings nearly doubled.
  • Shell’s third-quarter adjusted earnings rose to $10.81 billion, up from $5.43 billion a year earlier.
  • Analysts had expected $10.33 billion, according to Vara Research estimates.
  • Elevated oil and gas prices from the Middle East conflict boosted refining margins.
  • The historic fuel squeeze also surged cash flow alongside earnings.