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Shell introduced one other $3.5bn of share buybacks as its quarterly income exceeded market expectations.
Europe’s largest oil and gasoline firm reported adjusted earnings of $6bn for the third quarter, beating common analyst estimates of $5.4bn and solely barely down from $6.2bn in the identical interval final 12 months.
The largest contributor to group income was as soon as once more Shell’s built-in gasoline division, which reported quarterly earnings of $2.9bn.
The corporate mentioned it might keep its dividend and purchase again an extra $3.5bn of shares over the subsequent three months. It’s the twelfth consecutive quarter that Shell has introduced $3bn or extra of share buybacks, it mentioned.
It is a growing story
