SHEL / Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback

Safestyle UK PLC (AIM:SFE) is now trading as a cash shell on the AIM market of the London Stock Exchange, according to a statement lodged on the bours more_horizontal

Shell's finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massa more_horizontal

Shares in Shell PLC jumped 2% on Thursday after the U.K. oil group said it would buy back another $3.5 billion worth of its own shares from shareholde more_horizontal

Shell Plc announced total buybacks of $6.5 billion in the second half as third-quarter profit rose on a combination of higher energy prices, strong ga more_horizontal

The energy company reported earnings of $6.2 billion for the third quarter, up from $5.1 billion in the previous three months. It also said it would b more_horizontal

Shell PLC (LSE:SHEL, NYSE:SHEL) stepped up its share buyback programme with an extra US$3.5 billion payout and unveiled another $2.2 billion in quarte more_horizontal

The oil giant announced a $3.5 billion share buyback to be carried out over the next three months. more_horizontal

Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural more_horizontal