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2025-10-30 15:42:22
[Shell Launches New $3.5 Billion Share Buyback Round, Quarterly Profit Exceeds Expectations] 1. British oil giant Shell reported its third-quarter earnings on Thursday, with adjusted profit reaching $5.4 billion, exceeding market expectations of $5.05 billion, driven by solid business operations and increased trading activity. 2. Performance: Although profit was lower than the $6 billion in the same period last year, it represented a significant improvement compared to the $4.26 billion in the second quarter. CEO Weswan stated that progress was made across all business segments, particularly in marketing and deepwater assets. 3. Shareholder Returns: The company announced a new $3.5 billion share buyback round over the next three months, marking its 16th consecutive quarter of share buybacks of at least $3 billion. 4. Financial Condition: As of the end of the third quarter, the company's net debt decreased to $41.2 billion, a reduction of $2 billion from the previous quarter. Year-to-date, Shell's share price in the London market has risen by over 16%.
