Shell profits beat estimates despite lower oil and gas prices

Shell maintained the pace of share buybacks as it reported another strong quarterly profit despite lower oil and gas prices.

The company will repurchase a further $4 billion of shares, the same amount as in the prior period. That contrasts with UK peer BP, which saw its share price drop more than 8 per cent earlier this week when it announced a smaller buyback of $1.75 billion. Shell shares rose 2.4 per cent on Thursday ...

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