Shell Announces Further Share Buybacks On Strong Earnings ...Middle East

OILPRICE - Economy
Shell Announces Further Share Buybacks On Strong Earnings
source : OILPRICE ( Middle East ) () 30
Shell on Thursday became the latest oil major to report first-quarter earnings above expectations and announced additional share repurchases of $4 billion. Shell booked adjusted earnings of $9.6 billion for the first quarter of 2023, well above expectations of $8 billion. The profit was slightly down from the Q4 earnings of $9.8 billion but above the $9.1 billion for the same period last year, when oil and gas prices surged following the Russian invasion of Ukraine in February 2022.   The Q1 2023 adjusted earnings were driven by “strong…

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