Shell’s third-quarter earnings rose [relative to 2Q23] on higher refining margins, oil prices and gas and oil sales… The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 billion provided by Vara Research.
The oil-and-gas major launched a $3.5 billion share buyback to complete by its fourth-quarter results announcement, following buybacks of $3 billion during the third quarter. Shell had guided for a buyback program of at least $2.5 billion.