Shell Maintains $3.5 Billion Share Buyback Despite Dip In Profits
Oil and gas major Shell (LON: SHEL) has maintained the pace of its $3 billion-plus share buybacks despite its quarterly profits falling by a third.
Shell shares rise as oil major sticks with buybacks despite softer quarter
Shell PLC (LSE:SHEL, NYSE:SHEL) shares started strongly on Thursday, rising 2.74%, after confirming it is continuing buybacks despite softer financials in the second quarter. Income attributable to shareholders amounted to $3.6 billion for the quarter, down 25% year-on-year and down 25% compared to the first three months of the year.
Oil giant Shell posts beat on profit despite sharp annual drop
Shell's second-quarter results come after the energy major announced plans to prioritize shareholder returns and ramp up the cost of savings.
Why the Market Dipped But Shell (SHEL) Gained Today
In the latest trading session, Shell (SHEL) closed at $73.11, marking a +1.25% move from the previous day.
Shell Q2 Earnings Preview: Can Refining Margins Save the Day?
Shell braces for Q2 results with refining margins up, but weaker gas trading and production headwinds pressuring earnings.
Shell (SHEL) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Shell (SHEL) closed at $71.1, marking a -1.66% move from the previous day.
Shell Is Cleared to Drill Deepwater Wells Off South African West Coast
SHEL wins approval to drill off South Africa's west coast, eyeing energy security for the country, despite legal and environmental hurdles.
Shell gets permission to drill off South Africa's west coast
Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa's west coast, the company said on Friday.
Oil Majors Shell and BP Resume Energy Projects Across Libya
SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a return to the energy-rich nation.
Shell (SHEL) Rises As Market Takes a Dip: Key Facts
The latest trading day saw Shell (SHEL) settling at $71.26, representing a +2.06% change from its previous close.
BP, Shell return to Libya for hydrocarbon exploration at three locations
Libya's National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields.
Shell and BP lead fallers on FTSE after Opec unwinds production cut
Shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) were the main weights dragging on the FTSE 100 on Monday morning, following a guidance downgrade and an Opec meeting over the weekend.
