Shell Earnings Rose on Higher Energy Prices; Launches $3.5 Bln Buyback

Shell's third-quarter earnings rose on higher refining margins, oil prices and gas and oil sales, while it launched a $3.5 billion share buyback program.

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.

Overall, Shell's third-quarter profit on a current cost of supplies basis--a figure similar to the net income that U.S. oil companies report--was $6.15 billion, up from $3.49 billion in the second quarter.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Airbnb Q3 Earnings: Will Travel Industry Recovery Finally Catapult Stock Higher?Stocks Analysis by Investing.com (Günay Caymaz) covering: Airbnb Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Anheuser-Busch reports higher-than-expected earnings in Q3Anheuser-Busch saw better performance in Q3 of 2023 despite still struggling in the U.S. after controversy surrounding Bud Light’s brief partne...
Fonte: AllSidesNow - 🏆 572. / 51 Consulte Mais informação »

S&P 500 futures tick higher as attention turns from Fed to latest earnings reports: Live updatesThe Federal Reserve kept rates at the conclusion of its meeting Wednesday, fueling a rally for stocks to start November.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

SiriusXM Reports Third-Quarter Earnings, Subscribers, AdvertisingThe audio entertainment giant, the home of Howard Stern, is 'very excited' to unveil SiriusXM's next-generation platform in early November, said CEO Jennifer Witz.
Fonte: THR - 🏆 411. / 53 Consulte Mais informação »