Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
Publishing timestamp: 2024-08-01 06:07:47
Summary
Shell reported stronger-than-expected second-quarter profit, launching a $3.5 billion share buyback program. CEO mentioned progress in cost reduction and operational performance, but some shareholders are concerned about the energy transition strategy. Stock price has climbed more than 11% this year.
Sentiment: MIXED
Tickers: XOM, SHEL-GB, CVX, BP.-LN,
Keywords: business, oil and gas, breaking news: europe, earnings, energy, business news,
Source: https://www.cnbc.com/2024/08/01/shell-earnings-q2-2024.html