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via finance.yahoo.comBusiness & Companies

Shell posts strongest quarterly profit since 2022 and lifts buyback

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Shell reported third-quarter adjusted earnings of $10.81 billion on Thursday, nearly double from a year earlier, and increased its share buyback, helped by stronger refining margins and higher liquefied natural gas prices. Still guessing which stocks will beat…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishProfit above expectations and a larger buyback are a positive factor for the oil major's stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter adjusted earnings were $10.81 billion, nearly double a year earlier.
  2. 02The result beat the $10.33 billion average analyst estimate.
  3. 03The new buyback will be completed by the fourth-quarter results announcement.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Shell plcSHELStock—Stale quotePositive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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