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Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
The results come as Big Oil profits continue to fall from record highs in 2022. A weak outlook for oil markets, falling crude prices and U.S. President Donald Trump's fast-changing trade policy have rattled investor sentiment in recent months.
Shell Q1 Profit Jumps 52%, Launches $3.5 Billion Stock Buyback
Shell plc (NYSE:SHEL) shares rise following Q1 results. Revenue of $69.234B missed consensus of $79.13B. Adjusted earnings up 52% Q/Q to $5.58B. Dividend of $0.358 declared, $3.5B buyback announced. 2025 cash capital expenditures expected to be $20B-$22B.
Shell CEO said on Friday he would rather buy back more of his company's own shares than launch a takeover bid for rival oil ...
Shell PLC closed 16.02% below its 52-week high of £29.61, which the company reached on May 13th.
British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but ...
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LPG Hose Market Increasing adoption of LPG as a clean fuel and growing demand for residential and commercial applications are the key marke ...
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