Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
Publishing timestamp: 2024-05-02 08:33:49
Summary
Shell reported stronger-than-expected first-quarter profit, beating analyst expectations with adjusted earnings of $7.7 billion. The company also announced a $3.5 billion share buyback program and maintained its dividend. Despite a 20% decrease in profit compared to the same period last year, Shell's performance was seen as solid and reassuring by investors.
Sentiment: POSITIVE
Tickers: CVX, EQNR-NO, XOM, TTE-FR, SHEL-GB,
Keywords: russia, france, ukraine, shell plc, oil and gas, business news, bp plc, earnings, totalenergies se, chevron corp, united states, exxon mobil corp, breaking news: europe, norway, dividends, business, equinor asa,
Source: https://www.cnbc.com/2024/05/02/shell-q1-earnings-2024.html