Shares in British energy major Shell are rising after it hiked its quarterly share buyback to $5 billion and reported bumper profits.
Third-quarter adjusted earnings-a closely watched metric that strips out certain commodity price adjustments and one-time charges-nearly doubled; cash flow soared.
The Iran conflict has kept oil prices above $100 a barrel and refining margins at exceptional levels, boosting Shell's bottom line.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments