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Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining

2024-10-31 15:30

Wedoany.com Report-Oct 31 , Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher gas sales.

Shell's adjust earnings, its definition of net profit, fell 4% from the previous three months and compared with analysts' expectations of a $5.36 billion profit.

The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its dividend remained unchanged at 34 cents per share.

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Gas Offsets

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