Shell’s profit drops on weaker refining margins Energy Shell’s earnings fell slightly last quarter after profit margins declined at its refining business amid weaker global demand for oil. The oil and gas giant said adjusted earnings were $6.03bn (£4.65bn), down from $6.2bn during the same period last year. However, the figure comfortably beat a company-provided analyst consensus of $5.4bn (£4.1bn) and Shell confirmed [...]
Shell kicks off £2.74bn share buyback as earnings beat expectations Energy Shell kicked off a new share buyback programme today as it posted better-than-expected numbers for the second quarter despite a previously announced $2bn (£1.6bn) impairment and a slide in revenues.
Shell focused on ‘delivering more value’ as speculation around US listing swirls energy FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter.
Comments from ex-chief send the Shell share price to an all-time high April 10, 2024 Shell's share price hit £2,861 per share in early morning trading today.